Question: CHART PLEASE !! Oriole Inc. issues a $1,280,000, 8%, 10-year mortgage note on December 31, 2020, to obtain financing for a new building. The terms

CHART PLEASE !!

Oriole Inc. issues a $1,280,000, 8%, 10-year mortgage note on December 31, 2020, to obtain financing for a new building. The terms provide for annual installment payments of $190,758. Prepare the entry to record the mortgage loan on December 31, 2020, and the first installment payment on December 31, 2021. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries.) Date Dec. 31, 2020 Dec. 31, 2021 Account Titles and Explanation Debit Credit 11

Oriole Inci issues a $1,280,000,8%,10-year mortgage note on December 31,2020 , to obtain financing for a new bullding The terms provide for annual installment pavments of $190,758 Prepare the entry to record the mortgage loan on December 31, 2020, and the first installment payment an December 31, 2021. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries.)

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