This is our pre class assignment for accounting. My university is shut down and we did not learn this. Please provide solution and the work. Thank you.

Metlock Inc. issues a 530,000, 10%, 10 year mortgage note on December 31, 2022, to obtain financing for a new building. The terms provided for annual installment payments of 86,255. Prepare the entry to record the mortgage loan on December 31, 2022, and the first installment payment on December 31, 2023.

CALCULATOR PRINTER VERSION BACK NEXT Brief Exercise 10-15 Metlock, Inc. issues a $530,000, 10% 10-year mortgage note on December 31, 2022, to obtain financing for a new building. The terms provide for annual installment payments of 86.255 Prepare the entry to record the mortgage loan on December 31, 2022, and the first instaliment payment on December 31, 2023. (Credit accounts are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Credit Dec 31, 2022 Score eview Results by Study Dec 31, 2023 Chick if you would like to show Work for this questioni Open Show Work Question Attempts Quention automater o of used uso VERLAR