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.

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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.

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

$2$ Record the interest accrued on the note as of December $31,$ current year.

$3$ Record payment of the note at maturity, assuming no reversing entries were made on January $1.$