20 Crowley Corporation purchased a building on January 2 by signing a long-term $600,000 mortgage with monthly payments of $5,500. The mortgage carries an interest rate of 10 percent. The entry to record the mortgage will include a A) debit to the Mortgage Payable account for $500 B) credit to the Cash account for $5000. C) debit to the Cash account for $5500. D) credit to the Mortgage Payable account for $5500