Ste. Anne Corp. obtained a 10-year, 5%, $129,000 mortgage loan to finance the purchase of a building at December 31, 2017. The terms provide for semi-annual instalment payments on June 30 and December 31.

Record the first two instalment payments on June 30, 2018, and December 31, 2018, assuming the payment is (1) a fixed principal payment of $6,450 plus interest, and (2) a blended principal and interest payment of $8,275

(1) Fixed principal payment

First Instalment June 30

Second Instalment Dec. 31

(2) Blended principal and interest payment

First Instalment June 30

Second Instalment Dec. 31