Question: CALCULATOR SCHEN PRINTER VERSION BACK NERT. Exercise 15-10 - wildhorse Company borrowed $321,000 on January 1, 2020, by issuing a $321.000, 10% mortgage note payable.

CALCULATOR SCHEN PRINTER VERSION BACK NERT. Exercise 15-10 - wildhorse Company borrowed $321,000 on January 1, 2020, by issuing a $321.000, 10% mortgage note payable. The terms call for annual installment payments of $62,000 on December 31. Prepare the journal entries to record the mortgage loan and the first two installment payments. (Credit account ties are automatically indended when amount is entered. Do not indent manually. Record youmal entries in the order presented in the problem.)

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