Alpha Corporation had the following transactions dealing with mortgage payable Dec 31, 2019 Alpha Corporation borrowed $525,000 by issuing a $925,000, 6%, 10 year, mortgage payatin. The term call for anal instalment payments of $125.878 3 Dec 31, 2020 Made first installment payment Instructions Using the table provided below, prepare the journal entries for the transactions described above. Round answers to the nearest dollar Round up at 50 cents or higher Round down at less than 50 c Remember that journal entres do not have dollar signs. If you include dollar signs in your answer, your anserer will be incorect. Please include commas in your answers when applicable g 5.000 nat "5000) Do not abbreviate account tides Remember to spell accounts comectly. Failure to spell accounts correctly will result in incorrect answers housands Dictionary: To assist you, this is the spelling of some (not all) of the account titles you might use interest expense, mortgage payable Date Account Title Dec 31, 2019 Dec 31, 2020 Debit hp Credit Question 16 Alpha Corporation had the following transactions dealing with mortgage payable.. Dec 31, 2019 Alpha Corporation borrowed $925,000 by issuing a $925,000, 6%, 10 year, mortgage payable. The terms call for annual installment payments of $125,678 on De Dec 31, 2020 Made first installment payment Instructions: Using the table provided below, prepare the journal entries for the transactions described above. Round answers to the nearest dollar. Round up at 50 cents or higher Remember that journal entries do not have dollar signs. If you include dollar signs in your answer, your answer will be incorrect. Please include commas in your answers whe 5,000" not "5000). Do not abbreviate account titles. Remember to spell accounts correctly. Failure to spell accounts correctly will result in incorrect answers Dictionary: To assist you, this is the spelling of some (not all) of the account titles you might use interest expense, mortgage payable Date Account Title Dec 31, 2019 Debit Credit ving transactions dealing with mortgage payable. an borrowed $925,000 by issuing a $925,000, 6%, 10 year, mortgage payable. The terms call for annual installment payments of $125,678 on December 31 ment payment 6 points Save Answ prepare the journal entries for the transactions described above. Round answers to the nearest dollar. Round up at 50 cents or higher: Round down at less than 50 cents not have dollar signs. If you include dollar signs in your answer, your answer will be incorrect Please include commas in your answers when applicable (e.g. five thousand is wiate account titles. Remember to spell accounts correctly. Failure to spell accounts correctly will result in incorrect answers. me spelling of some (not all) of the account titles you might use interest expense, mortgage payable. itle Debit Credit DOLJ KONTANTRA I Spen accounts correctly Failure to spell accounts correctly will result in incorrect answers Dictionary: To assist you, this is the spelling of some (not all) of the account titles you might use interest expense, mortgage payable Date Account Title Dec 31, 2019 Dec 31, 2020 Debit hp Credit