$[$The following information applies to the questions displayed below.$]$

On May $15,2022,$ Powell Incorporated obtained a six$-$month working capital loan from its bank. The face amount of the note signed by the freasurer was $$149,900.$ The interest rate charged by the bank was $9\mathrm{.}50\%.$ The bank made the loan on a discount basis.

$-3.$ Record the journal entry to show the effect of signing the note and the receipt of the cash proceeds on May $15,2022.$ lote: If no entry is required for a transaction$/$event$,$ select $"$No journal entry required" in the first account field.

$\backslash$table$[[$No$,$Date,General Journal,Debit,Credit$],[,,,,],[,,,,]]$