Question: Sunland borrowed has just approached a venture capitalist for financing for her new business venture, Sunland Corporation, the development of a local ski hill. On


Sunland borrowed has just approached a venture capitalist for financing for her new business venture, Sunland Corporation, the development of a local ski hill. On July 1, 2022, Stacy borrowed $114.000 by signing a mortgage payable at an annual interest rate of 7%. The mortgage is repayable over 5 years in annual instalments, due each June 30. The first payment is due June 30, 2023 Sunland's year-end Prepare all journal entries for Sunland for the first two fiscal years ended June 30, 2023, and June 30, 2024. (Ust all debit entries before credit entries Credit account titles are automatically indented when the amount is entered. Do not indent manually. Round answers to the nearest whole dollor, eg. 5,275) Date Account Titles and Explanation Debit Credit July 1, 2022 June 30, 2023 June 30, 2024
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