21) Norwood, Inc signs a $11,000,85%, six-month note dated November 1,2018 . The interest 21) expense recorded for this note in 2018 will be . (Do not round any intermediate calculations, and round your final answer to the nearest dollar.) A) $468 B) $312 C) $156 D) $935 ESSAY. Write your answer in the space provided or on a separate sheet of paper. 24) On May 1, 2018, Plumbing Services issued a long-term note payable for $35,000. The note will be paid over five-years with aruual principal payments of $7,000, plus interest, on May 1 of each year beginning an May 1 . 2019. Prepare the joumal entry for the issuance of the note. Omit explatation