Prepare the journal entries to record the mortgage note payable and the first two instalment payments assuming the payment is a fixed principal payment of $$7,250.($Round answers to $0$ decimal places, e$.$g$.5,276.$ List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select $"$No Entry" for the account titles and enter $0$ for the amounts. Record journal entries in the order presented in the problem.$)$

Dec. $31,2024$

Cash

$290000$

Mortgage Note Payable

First Instalment Payment

Mortgage Note Payable

Interest Expense

$11600$

Second Instalment Payment

Mortgage Note Payable

Interest Expense

Prepare the journal entries to record the mortgage note payable and the first two instalment payments assuming the payment is a blended payment of $$14,652.($Round answers to $0$ decimal places, e$.$g$.5,276.$ List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select $"$No Entry" for the account titles and enter $0$ for the amounts. Record journal entries in the order presented in the problem.$)$

Date

Account Titles

Debit

Credit

First Instalment Payment

Second Instalment Payment