CALCULATOR PRINTER VERSION HACK NEXT Exercise 10-29 Wildhorse Co. receives $372,000 when it issues a $372,000, 10%, mortgage note payable to finance the construction of a building at December 31, 2022. The terms provide for annual installment payments of $62,000 on December 31. Prepare an amortization schedule of a mortgage note for two years. Annual Interest Cash Interest Reduction Period Payment Expense of Principal Issue date Principal Balance 12/31/23 12/31/24 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 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 Click if you would like to show Work for this question: Open Show Work Question Attempts: 0 of 3 used SAVE FOR LATER SUBMIT ANSWER Show all SAMSUNG