Sheridan Resort Corp. issued a 20-year, 8%,$290,000 mortgage note payable to finance the construction of a new building on December 31, 2024. The terms provide for semi-annual instaiment payments on June 30 and December 31. (a) Your answer is partially correct. 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, es. 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 ofor the amounts. Record journal entries in the order presented in the probiem.) Cash Mortgage Note Payable 290000 First Instalment Payment Interest Expense Mortgage Note Payable 7250 Cash 18850 Second Instalment Payment Interest Expense 11136 Mortgage Note Payable 11600 Cash 22736