Question: PLEASE SHOW YOU WORK :) Question 22 30 pts Ward Corporation received $300,000 on January 1, 2019, when it issued a $300,000, 5% mortgage note

 PLEASE SHOW YOU WORK :) Question 22 30 pts Ward Corporation

PLEASE SHOW YOU WORK :)

Question 22 30 pts Ward Corporation received $300,000 on January 1, 2019, when it issued a $300,000, 5% mortgage note payable. The terms provide for annual installment payments of $25,000 due on December 31. Prepare the journal entries for the issuance of the mortgage loan and the first two installment payments. (Don't worry about the formatting for your answer here on Canvas. Explain which accounts are debited/credited and for how much, and then show the journal entry in its proper format in the work you submit.) Edit View Insert Format Tools Table

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