Question: On December 3 1 , 2 0 2 3 , Sheridan Corp. obtained a 1 0 - year, 5 % , $ 1 7 1

On December 31,2023, Sheridan Corp. obtained a 10-year, 5%, $171,600 mortgage loan from a bank to finance the purchase of a building in the future. The terms provide for semi-annual instalment payments of principal and interest on June 30 and December 31.
Record the obtaining of the mortgage payable on December 31,2023.(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 0 for the amounts. List debit entry before credit entry.)
Date
Account Titles
Debit
Credit
Dec. 31,2023
On December 31,2023, Sheridan Corp. obtained a 10-year, 5%, $171,600 mortgage

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