195 PROBLEM 12 - LONG TERM NOTES PAYABLE 2 journal entries PROBLEM 12 - LONG TERM NOTES PAYABLE On December 31, 2021, Rockwell Inc. issues a long term note payable for On December 31,2021 , Rockwell Inc. issues a long term The note is a 10 year note with an interest rate of 6%. The terms of the note call for semi-annual installment payments of INSTRUCTIONS: Prepare the journal entries to record the note on 12-31-21 and to pay the first installment payment on 6-30-2022. OPTIONAL EXTRA 2 POINTS - 1 journal entry Optional bonus - 1 journal entry Prepare the journal entry for 12-31-2022 (second payment)