The following transactions apply to Walnut Enterprises for Year $1,$ its first year of operations:

$1.$ Received $$50,000$ cash from the issue of a short$-$term note with a $6$ percent interest rate and a one$-$year maturity. The note was made on April $1,$ Year $1.$

$2.$ Received $$130,000$ cash plus applicable sales tax from performing services. The services are subject to a sales tax rate of $6$ percent.

$3.$ Paid $$62,000$ cash for other operating expenses during the year.

$4.$ Paid the sales tax due on $$110,000$ of the service revenue for the year. Sales tax on the balance of the revenue is not due until Year $2.$

$5.$ Recognized the accrued interest at December $31,$ Year $1.$

The following transactions apply to Walnut Enterprises for Year $2$:

$1.$ Paid the balance of the sales tax due for Year $1.$

$2.$ Received $$201,000$ cash plus applicable sales tax from performing services. The services are subject to a sales tax rate of $6$ percent.

$3.$ Repaid the principal of the note and applicable interest on April $1,$ Year $2.$

$4.$ Paid $$102,500$ of other operating expenses during the year.

$5.$ Paid the sales tax due on $$185,000$ of the service revenue. The sales tax on the balance of the revenue is not due until Year $3.$

Required: Post the transactions to T$-$accounts.