A company takes out a four-year, $1,040,000 mortgage an May 1. The interest rate on the loan is 6% per year, and blended payments of $24,424 (including both interest and principal) are to be made at the end of each month. The following is an extract from the loan amortization table the bank provided the company with: (b) Prepare the joumal entries to record the inception of the loan and the first two monthly payments: Ignore year-end accruals of interest (Credit account titles are automatically indented when amount is entered. Da not indent manually if no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. List all debit entries before credit entries. Recond journal entries in the order presented in the problem.) Account Titles and Explanation Debit Credit eTextbook and Media