Exercise 15-09 Your answer is partially correct. Try again. Wildhorse Co. receives $280, 200 when it issues a $280,200, 10%, mortgage note payable to finance the construction of a building at December 31, 2020. The terms provide for annual installment payments of $46,700 on December 31. Prepare the journal entries to record the mortgage loan and the first two payments. (Round answers to o decimal places, e.g. 15,250. Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit 290.200 T Dec 31, 2020 ] Cash Mortgage Payable 280,200 TDec. 31, 2021 Interest Expense 3,020 Mortgage Payable 28,020 Cash 56,040 T Dec 31, 2022 + Interest Expense Mortgage Payable 30,822 Cash 56,040