Instructions On January 1 of 2012, Hebron Company issued a $242,000, five-year, 11% installment note to Ventsam Bank. The note requires annual payments of $65,478, beginning on December 31 of 2042. Journalize the entries to record the following transactions. Refer to the Chart of Accounts for exact wording of account titles. 2012 Jan 1 Issued the note for cash at its face amount. Dec. 31 Paid the annual payment on the note, which consisted of interest of $26,620 and principal of $38,858. 2015 Dec. 31 Paid the annual payment on the note, which included $12,335 of interest. The remainder of the payment reduced the principal balance on the note. Journal a. Joumalize the entries to record the transactions for the year 2072. Refer to the Chart of Accounts for exact wording of account titles. JOURNAL ACC DATE DESCRIPTION POST. REF. DEBIT CREDIT ASSETS 1 I 2 3 5 Journal b. Joumalize the entries to record the transactions for the year 20Y5. Refer to the Chart of Accounts for exact wording of account titles. JOURNAL DEBIT CREDIT ASSETS POST. REF DESCRIPTION DATE 1 2 3