Noble Corporation has a 7 percent market interest rate and a December 31 fiscal year- end. During 2010 the following notes were issued to acquire equipment:

June 1 Issued a $ 140,000, two- year, 6 percent note for a fabrication machine. The face interest is paid semiannually on December 1 and June 1.

Nov. 1 Issued a $ 140,000, two- year, 7 percent installment note for two trucks. The payments are due monthly beginning November 30.

Required:

A. Make the amortization schedules for these notes.

B. Make the entries for the issuance of each of these notes.

C. Make the entries for the notes through December 31, 2010.