Use the following information to answer the next 3 questions about Installment notes payable: On November 15, 2015, Bachman Manufacturing Company signed a 30-year, $200,000 mortgage note payable to Williamsburg in connection with the purchase of a building. The note calls for interest at an annual rate of 6 percent (0.5 percent per month). The note is fully amortizing over a period of 360 months. A small portion of the amortization table showing the allocation of monthly payments between interest and principal is illustrated as follows. Amortization Table (6%, 30-Year Note Payable for $200,000; Payable in 360 Monthly Installments of $1.199) Interest Payment Period Date Monthly Payment Interest Expense Reduction in Unpaid Balance Unpaid Balance Issue date Nov. 15, 2019 $ 200,000 1 Dec. 15 $ 1,199 $ 1,000 $ 199 199,801 2 Jan. 15, 2020 1,199 999 200 199,601 3 Feb. 15 1,199 998 201 199,400 4 Mar. 15 1,199 997 202 199,198 Installment Notes Question 1: Prepare the journal entry to record the issuance of the note on November 15. X Installment Notes Question 2: Prepare the journal entry to record the first monthly payment on December 15. Enter the debit for the higher dollar amount first. Debit Account Name #1: Blank 1 Dollar Amount #1: Blank 2 Account Name # 2: Blank 3 Dollar Amount #2: Blank 4 Credit Account Name: Blank 5 Dollar Amount: Blank 6 Blank 1 Add your answer Blank 2 Add your answer Blank 3 Add your answer Blank 4 Add your answer 13 X Installment Notes Question 3: Prepare the adjusting entry to record one half month's accrued interest on December 31. Round to the nearest dollar Debit Account Name: Blank 1 Dollar Amount: Blank 2 Credit Account Name: Blank 3 Dollar Amount: Blank 4 Blank 1 Add your answer I Blank 2 Add your answer Blank 3 Add your answer Blank 4 Add your