4. Tea Co, receives $400,000 when it issues a $400,000, 10%, mortgage note payable to finance the construction of a building at December 31, 2017. The terms provide for annual installment payments of $65,000 on December 31 Instructions (a) Prepare the journal entries to record the mortgage loan and the first two installment payments. (b) Indicate how the remaining balance of the mortgage note payable is reported in the balance sheet. ancitbu t ent esiemuol instruction maaisth ise n C00 Prepae