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UCO Industries purchased $1,301,000 of equipment by issuing at 2 year note, dated January 1,2021....

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Accounting

UCO Industries purchased $1,301,000 of equipment by issuing at 2 year note, dated January 1,2021. Payments on the note are $350,000 each 6 months due June 30 and December 31. The implied interest rate on the notes is 6%.
A. Create an amortization schedule showing the first two payments of the note.
B. Write the journal entry to show the original issue of the note.
C. Write the journal entry to show the 1st payment made June 30,2021
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