=+EX 11-5 Entries for discounted note payable obj. 1 Chapter 11 Current Liabilities and Payroll 515 On June 30, Rioux Management Company purchased land for $400,000 and a building for $600,000, paying $500,000 cash and issuing a 6% note for the balance, secured by a mortgage on the property. The terms of the note provide for 20 semiannual payments of $25,000 on the principal plus the interest accrued from the date of the preceding payment. Journalize the entry to record

(a) the transaction on June 30,

(b) the payment of