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please solve compeletely in correct order 3. On Dec 31, 2024,...

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Accounting

please solve compeletely in correct order
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3. On Dec 31, 2024, Tian Inc. issued a $500,000,10-Year, 8% note payable with semi-annual blended payments of $28,915, payable every Jun and Dec. Prepare journal entries to record the issuance of the note, and the first two interest payments in 2025 . What would be the amount of the current and non-current liabilities of the Note at end of Dec, 2025 If the Note is now payable with a fixed principal of $50,000, prepare the journal entries for the Note in Dec 2025. (16 marks)

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