11/1/2019	The Piano Co. borrowed funds to replace its damaged roof
		Amount borrowed		180,000
		Interest rate		5%
		Term of note		6 months
INSTRUCTIONS: Prepare the journal entries to record
		the issuance of the note
		the accrual of interest at year end
		the payment of the note on its due date

On January 1, 2019, Teasdale Corp. issued 10 year		800,000	5%	bond payable.
Interest is payable semi-annually on June 30 and December 31.
INSTRUCTIONS: Prepare the journal entry to record the issuance of these bonds assuming they
	were issued at 98.

On December 31, 2019, Rockwell Inc. issues a long term note payable for				400,000
The note is a 10 year note with an interest rate of 8%.
The terms of the note call for semi-annual installment payments of				49,317
INSTRUCTIONS: Prepare the journal entries to record the note on 12-31-17 and to pay the
	first installment payment on 6-30-2018.

Prepare the journal entry for 12-31-18 (second payment)