Nov. 25 Purchased a new loading cart by issuing a 60day 10% not for $43200 Dec.

Nov. 25 Purchased a new loading cart by issuing a 60day 10% not for $43200
Dec. 16 Borrowed $50000 from the bank to finance inventory by signing a 90 day note. the face value of the note includes interest of $1500. Proceeds received were $48500.
Dec. 31 Made the end of the year adjusting entry to accrue interest expense.
Dec. 31 Made the end of the year adjusting entry to recognize the discount expired on the note.Jan. 24 Paid off the loading cart note.
Mar. 16 Paid off the inventory note to the bank.1. Prepare entries in journal form for the notes payable transactions.
2. In the transaction of December 16 would the bank be better of making the loan with interest stated separately instead of included in the $50000? Why or why not?