plz solve each step carefully

plz read carefully and solve step by step

Current Attempt in Progress A company takes out a four-year, $1,200,000 mortgage on May 1. The interest rate on the loan is 7% per year, and blended payments of $28.735 (including both interest and principal) are to be made at the end of each month. The following is an extract from the loan amortization table the bank provided the company: Payment 1 Payment 2 Payment 3 Payment 4 Beginning Loan Balance $1.200.000 1.178.265 1.156,403 1134414 Payment Interest Principal $28,735 $7,000 $21.735 28,735 6,873 21.862 28.735 6,746 28,735 6 17 21.989 22.118 Creat the moon of the mortgage) Ending Loan Balance $1.178.265 1.156,403 1.134.414 1.112.296 (b) Prepare the journal entries to record the Inception of the loan and the first two monthly payments. Ignore year-end accruals of interest. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter O for the amounts) Date Account Titles and Explanation Debit Credit June 30 (To record the first monthly payment) 4 (To record the second monthly payment) View Policies Current Attempt in Progress A company takes out a four-year, $1,200,000 mortgage on May 1. The interest rate on the loan is 7% per year, and blended payments of $28,735 (including both interest and principal) are to be made at the end of each month. The following is an extract from the loan amortization table the bank provided the company: Payment 1 Payment 2 Payment 3 Payment 4 Beginning Loan Balance Payment Interest $1,200,000 $28.735 $7,000 6.873 6.746 6.617 1.178.265 May 1 1.156,403 1.134.414 28,735 28,735 28.735 Date Account Titles and Explanation k Principal $21.735 21,862 21.989 22.118 Ending Loan Balance $1.178.265 1.156,403 1.134.414 1.112,296 (b) Prepare the journal entries to record the Inception of the loan and the first two monthly payments. Ignore year-end accruals of Interest. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required select "No Entry for the account titles and enter O for the amounts) 11 Debit Credit May 31 June 30 (To record the inception of the mortgage) (To record the first monthly payment) (To record the second monthly payment) eTextbook and Media List of Accounts