Sheridan Resort Corp. issued a $20-$year, $8\%,$$$230,000$ mortgage note payable to finance the construction of a new building on December $31,2024.$ The terms provide for semi$-$annual instalment payments on June $30$ and December $31.$

$($a$).$

Question Part Score

$\frac{7\mathrm{.}58}{8}$

$($b$)$

Prepare the journal entries to record the mortgage note payable and the first two instalment payments assuming the payment is a blended payment of $$11,620.($Round onswers to $0$ decimal places, eg$,5,276.$ List all debit entries before credit entries. Credit account t'tles 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

Issue of Note

First Instalment Payment

Second Instalment Payment