Fixed asset purchases with note semiannual payments of $$20,000$ on the principal plus the interest accrued from the date of the preceding payment.

If an amount box does not require an entry, leave it blank. Assume $360$ days in a year.

a$.$ Journalize the entry to record the transaction on June $30.$

June $30$

b$.$ Journalize the entry to record the payment of the first installment on December $31.$

Dec. $31$

c$.$ Journalize the entry to record the payment of the second installment the following June $30.$

June $30-$