Question: Hello, can you help me determine how to answer the below? I've gotten some of it complete. Shamrock, Inc. issues a $660,000,10%,10-year mortgage note on

Hello, can you help me determine how to answer the below? I've gotten some of it complete.

Shamrock, Inc. issues a $660,000,10%,10-year mortgage note on December 31, 2017, to obtain financing for a new building. The terms provide for annual installment payments of $107,412.

Prepare the entry to record the mortgage loan on December 31, 2017, and the first installment payment on December 31, 2018.

Hello, can you help me determine how to answer the below? I've

Shamrock , Inc . 155LIES a $650, 0010 , 1096 , 10 - year mortgage note on December 3 1 , 2017 , to obtain financing for a new building . The terms provide for annual installment payments of $ 107 , 412 . Prepare the entry to record the mortgage loan on December 31 , 2017 , and the first installment payment on December 31 , 2018 . ( Credit account titles are automatically indented when amount is entered . Do not indent manually . ) Date Account Titles and Explanation Debit Credit DEC . 31 , 2017 5.50OOD DEC . 31 , 2018 Cash 107412

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