Current Attempt in Progress Sandhill Co. receives $307,200 when it issues a $307,200, 10%, mortgage note payable to finance the construction of a building at December 31, 2022. The terms provide for annual installment payments of $51,200 on December 31. Prepare the journal entries to record the mortgage loan and the first two payments. (Round answers to 0 decimal places, e.g. 15,250. Credit account titles are automatically indented when amount is entere Do not indent manually.) Date extbook and Media Account Titles and Explanation Debit

Current Attempt in Progress Sandhill Co. receives $307,200 when it issues a $307,200,10%, mortgage note payable to finance the construction of a building at December 31,2022 . The terms provide for annual instaliment payments of 551,200 on December 31