1. On May 1, 2019, Y borrowed $6,000,000 at 2%. Y will pay interest every 6 months with interest payments every November 1 and May 1. Y will repay $3,000,000 of the principal on May 1, 2020 and the remainder on May 1, 2021. Assume Y only makes AJEs every December 31 AND does NOT make reversing entries. Prepare the entries Y should make on:
   1. May 1, 2019

A Cash 6,000,000

L NotePayable 6,000,000

2. November 1, 2019

Interest Expense (6,000,000*2%*6/12) 60,000

Cash 60,000

3. December 31, 2019

Interest expense (6,000,000*2%*2/12) 20,000

Interest payable 20,000

4. May 1, 2020

Note payable 3,000,000

Interest expense (6,000,000*2%*6/12) 60,000

Cash 3,060,000

5. November 1, 2020

Interest expense (3,000,000*2%*6/12) 30,000

Cash 30,000

6. December 31, 2020

Interest expense (3,000,000*2%*2/12) 10,000

Interest payable 10,000

7. May 1, 2021

Note payable 3,000,000

Interest expense (3,000,000*2%*6/12) 30,000

Cash 3,030,000

kindly verify my answers and correct me if I'm wrong