Question: JLIUI 6,67 /20 Current Attempt in Progress Your answer is partially correct Teal Mountain Inc. issues a $700,000, 10%, 10-year mortgage note on December 31,

JLIUI 6,67 /20 Current Attempt in Progress Your answer is partially correct Teal Mountain Inc. issues a $700,000, 10%, 10-year mortgage note on December 31, 2022, to obtain financing for a new building The terms provide for annual installment payments of $113,922. Prepare the entry to record the mortgage loan on December 31, 2022, and the first installment payment on December 31, 2023, (Credit account titles are automatically indented when amount is entered. Do not indent manually Date Account Titles and Explanation Debit Credit Dec 31, 2022 Dec. 31. 2023 Morage Payable Cush e Textbook and Media List of Accounts 28 MacBook Air ODO 20 800

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