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Current Attempt in Progress Crane Well Services Ltd. purchased equipment for $910,000 on September 30, 2021. The equipment was purchased with a $127,000 cash down payment and through the issue of a $783,000,5-year, 3.6% mortgage note payable for the balance. The terms provide for the mortgage to be repaid in monthly blended payments of $14,279 starting on October 31, Date Account Titles and Explanation Debit Credit Sept. 30 2021 Equipment 910,000 Cash 127,000 Mortgage Note Payable 783,000 (To record purchase of equipment in exchange for cash and a note.) Account Titles and Explanation Debit Credit 1 1 Interest Expense 2349 Mortgage Note Payable 11930 Cash 14279 (To record payment on note.) 0, 21 Interest Expense 2313 Mortgage Note Payable 11966 Cash 14279 Interest Expense 2349 Mortgage Note Payable 10701 Cash 13050 (To record payment on note.) Interest Expense 2317 Mortgage Note Payable 10733 Cash 13050 (To record payment on note.) Crane Well Services Ltd. purchased equipment for $910,000 on September 30, 2021. The equipment was purchased with a $127,000 cash down payment and through the issue of a $783,000,5-year, 3.6% mortgage note payable for the balance. The terms provide for the mortgage to be repaid in monthly blended payments of $14,279 starting on October 31. (a) Your answer is correct. Record the issue of the note payable on September 30. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts.) Debit Credit Date Account Titles and Explanation 910,000 Sept. 30 2021 Equipment ecord the issue of the note payable on September 30. (Credit account titles are automatically indented when the amount is mtered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts.) Date Credit Debit Account Titles and Explanation Sept. 30 2021 Equipment 910,000 127,000 Cash Mortgage Note Payable 783,000 (To record purchase of equipment in exchange for cash and a note.) Date Account Titles and Explanation Debit Credit Oct. 31. 2021 Interest Expense 2349 Mortgage Note Payable 11930 Cash 14279 (To record payment on note.) Nov. 30, 2021 Interest Expense 2313 Mortgage Note Payable 11966 Record the first two instalment payments on October 31 and November 30 assuming that the terms provided for monthly fixed principal payments of $13,050, rather than blended payments of $14,279. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts. Round answers to decimal places, eg. 5,275.) Date Account Titles and Explanation Debit Credit Oct. 31. 2021 Interest Expense 2349 Mortgage Note Payable 10701 Cash 13050 (To record payment on note.) 10701 Moe Nebe 13050 To record payment on note) NO 2317 10733 Mouse NotePayable 13050 To record payment on note.)