$1$a$.)$As of December $31,20$X$1,$ Mantua Company has the following three loans payable scheduled to be repaid in February $20$X$2.*$ Loan A: Loan A is for $$10,000.$ Mantua intends to repay Loan A when it comes due in February $20$X$2.$ In September $20$X$2,$ Mantua intends to get a new loan for $$8,000$ from the same bank.$*$ Loan B: Loan B is for $$15,000.$ Mantua intends to refinance Loan B$.$ The refinancing contract, for $$18,000,$ will be signed in May $20$X$2,$ after the financial statements for $20$X$1$ have been released.$*$ Loan C: Loan C is for $$20,000.$ Mantua intends to refinance Loan C for $$20,000$ before it comes due in February. The actual refinancing, for $$17,500,$ took place in January $20$X$2,$ after the end of the $20$X$1$ fiscal year, but before the financial statements for $20$X$1$ have been released.As of December $31,20$X$1,$ what is the amount of TOTAL CURRENT LOANS PAYABLE for Mantua Company?$*$ $$45,000*$ $$27,500*$ $$17,500*$ $$25,000$

$1$b$.)$On July $1,$ as part of a building purchase, Orangeville Company signed a $30-$year mortgage contract in the amount of $$300,000.$ The interest rate on the mortgage is $6\mathrm{.}00\%$ COMPOUNDED MONTHLY, making the monthly payments $$1,798\mathrm{.}65.$ The first payment is due on August $1$ and the second payment is due on September $1.$ Which one of the following is included in the journal entry to record the SECOND payment, on September $1?*$ A DEBIT to Interest Expense of $$1,498\mathrm{.}51*$ A DEBIT to Mortgage Payable of $$1,500\mathrm{.}00*$ A DEBIT to Mortgage Payable of $$298\mathrm{.}65*$ A DEBIT to Mortgage Payable of $$1,498\mathrm{.}51$