Question: Image provided. Please help I'm super confused. Please show calculations so I can understand. Thank you. Question 6: Yorkton Inc. issued a 20-year, 5%, $1,000,000

Image provided. Please help I'm super confused. Please show calculations so I can understand. Thank you.

Question 6: Yorkton Inc. issued a 20-year, 5%, $1,000,000 mortgage note payable to nance construction of a new building on December 31, 2021. The terms provide for semi- annual instalment payments on June 30 and December 31. Instructions: Prepare the journal entries to record the mortgage note payable and the first two instalment payments assuming the payment is: a. Axed principal payment of $25,000 b. A blended payment of $39,836 Round amounts to the nearest dollar. Show ALL calculations for full marks

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