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6. On July 1, 2020, My Pretty Lady Corporation incurs a 30-year, $585,000 mortgage liability upon purchase of a warehouse. This mortgage is payable in

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6. On July 1, 2020, My Pretty Lady Corporation incurs a 30-year, $585,000 mortgage liability upon purchase of a warehouse. This mortgage is payable in monthly installments of $8,120.00 which include interest computed at the rate of 6.25% per year. The first monthly payment is made on August 1, 2020. Points 20 A. Prepare the company's journal entry to record the mortgage note's issuance. B. Prepare the Installment table for the five months C. Prepare the journal entries to record the first, second, & third installment payments

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