QuraK Corporations was established $4$ years ago by a TCC alumni. Located by the Narrows bridge in Tacoma, the company prides itself in sustainable geoduck fishing. Business is booming, and the company wants to purchase an additional fishing vessel. Qurak will borrow $$225,000$ cash on December $1$ of the current year by signing a $120-$day, $8\%,$$$225,000$ note. Prepare journal entries to record $($a$)$ issuance of the note, $($b$)$ accrual of interest on December $31,$ and $($c$)$ payment of the note at maturity.

Complete this question by entering your answers in the tabs below.

Prepare journal entries to record $($a$)$ issuance of the note, $(b)$ accrual of interest on December $31,$ and $($c$)$ payment of the note at maturity.

Note: Use $360$ days a year. Do not round intermediate calculations.

Journal entry worksheet

$\underset{\text{m}\text{i}\text{n}}{lim}1\frac{2}{?},3$

Record the issuance of the note on December $1.$

Note: Enter debits before credits.

$\backslash$table$[[$Transaction$,$General Journal,Debit,Credit$],[($a$),,,],[,,,],[,,,],[,,,],[,,,]]$