Ste Anne Corp. issued a 10-year, 6%, $150,000 mortgage note payable to finance the construction of a building at December 31, 2009. The terms provide for semi-annual installment payments on June 30 and December 31.

a) Record the issue of the mortgage note payable on December 31, 2009.

b) Record the first 2 instalment payments on June 30, 2010, and December 31, 2010, assuming the payment is (1) a fixed principal payment of $7,500, and (2) a blended principal and interest payment of $10,082.