Sunland Inc. issues a $342,000, 10-year, 6% mortgage note payable on November 30, 2021, to obtain financing for a new building. The terms provide for monthly instalment payments.

Prepare the journal entries to record the mortgage loan on November 30, 2021, and the first two payments on December 31, 2021, and January 31, 2022, assuming the payment is a fixed principal payment of $2,850. (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. Round answers to 0 decimal places, e.g. 5,275.)

Date	Account Titles and Explanation	Debit	Credit
Nov. 30, 2021	enter an account title to record issuance of note on November 30	enter a debit amount	enter a credit amount
	enter an account title to record issuance of note on November 30	enter a debit amount	enter a credit amount
	(To record issuance of note.)
Dec. 31, 2021	enter an account title to record payment on note on December 31	enter a debit amount	enter a credit amount
	enter an account title to record payment on note on December 31	enter a debit amount	enter a credit amount
	enter an account title to record payment on note on December 31	enter a debit amount	enter a credit amount
	(To record payment on note.)
Jan. 31, 2022	enter an account title to record payment on note on January 31	enter a debit amount	enter a credit amount
	enter an account title to record payment on note on January 31	enter a debit amount	enter a credit amount
	enter an account title to record payment on note on January 31	enter a debit amount	enter a credit amount
	(To record payment on note.)

SHOW LIST OF ACCOUNTS

Prepare the journal entries to record the mortgage loan on November 30, 2021, and the first two payments on December 31, 2021, and January 31, 2022, assuming the payment is a blended payment of $3,797. (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. Round answers to 0 decimal places, e.g. 5,275.)

Date	Account Titles and Explanation	Debit	Credit
Nov. 30, 2021	enter an account title to record issuance of note on November 30	enter a debit amount	enter a credit amount
	enter an account title to record issuance of note on November 30	enter a debit amount	enter a credit amount
	(To record issuance of note.)
Dec. 31, 2021	enter an account title to record payment on note on December 31	enter a debit amount	enter a credit amount
	enter an account title to record payment on note on December 31	enter a debit amount	enter a credit amount
	enter an account title to record payment on note on December 31	enter a debit amount	enter a credit amount
	(To record payment on note.)
Jan. 31, 2022	enter an account title to record payment on note on January 31	enter a debit amount	enter a credit amount
	enter an account title to record payment on note on January 31	enter a debit amount	enter a credit amount
	enter an account title to record payment on note on January 31	enter a debit amount	enter a credit amount
	(To record payment on note.)