Question: need help Question 9 Eve Corporation issues a $9,000,000, 5%, 20-year mortgage note payable on December 31, 2017, to obtain needed financing for the construction

need help Question 9 Eve Corporation issues a $9,000,000, 5%, 20-year mortgage need help

Question 9 Eve Corporation issues a $9,000,000, 5%, 20-year mortgage note payable on December 31, 2017, to obtain needed financing for the construction of a building addition. The terms provide for annual installment payments of $722,183 on December 31. (a) Prepare the journal entries to record the mortgage loan on December 31, 2017, and the first installment payment. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Dec. 31, 2017 Dec. 31, 2018

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