CALCULATOR FULL SCREEN PRINTIL VERSION 4 BACK NEXT Question 7 Oriole Company receives $336,000 when it issues a $336,000, 10%, mortgage note payable to finance the construction of a building at December 31, 2022. The terms provide for annual installment payments of $56,000 on December 31 Prepare an amortization schedule of a mortgage note for two years. Annual Interest Period Cash Payment Interest Expense Reduction of Principal Principal Balance Issue date 5 12/31/23 12/31/24 HOW LIST ACCOUNTS LINK TO TXI LINK TO VIDEO Prepare the journal entry to record the mortgage loan. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Dec 31, 2022 SHOW LIST OF ACCOUNTS LINK TO TEXT LINK TO VIDEO ly Prepare the journal entries to record the first two installment payments. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation First Installment Payment Debit Credit Dec 31, 2023 Second Installment Payment Dec 31, 2024 Second Installment Payment Dec. 31, 2024 SHOW UST OF ACCOUNTS