Question: need correct answer in 15 mins please Question 14 Whitmore Corporation issues a 3,000,000, 10%, 10-year mortgage on December 31, 2017. The terms call for

need correct answer in 15 mins please Question 14 Whitmore Corporation

need correct answer in 15 mins please

Question 14 Whitmore Corporation issues a 3,000,000, 10%, 10-year mortgage on December 31, 2017. The terms call for annual installment payments of 488,235. The entry to record the first installment payable will include 1 a credit to Cash of 300,000. O2 a debit to Mortgage Payable of 188,235. 03. a debit to Interest Expense of 188,235. 04 a debit to Interest Payable of 488,235

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