Eaton Inc. issues a $360,000, 10-year, 6% mortgage note payable on November 30, 2013, to obtain financing for a new building. The terms provide for monthly instalment payments. Prepare the journal entries to record the mortgage loan on November 30, 2013, and the first two payments on December 31, 2013, and January 31, 2014, assuming the payment is:

(a) A fixed principal payment of $3,000.

(b) A blended payment of $3,997?