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Brief Exercise 10-19 Marin Inc. issues a $630,000, 10%, 10-year mortgage note on December The terms provide for annual installment payments of $102,530. Prepare the

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Brief Exercise 10-19 Marin Inc. issues a $630,000, 10%, 10-year mortgage note on December The terms provide for annual installment payments of $102,530. Prepare the entry to record the mortgage loan on December 31, 2017, and the first installment payment on December 31, 2018. (Credit account titles are automatically indented when 1, 2017, to obtain financing for a new building. amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Dec. 31, 2017 Dec. 31, 2018

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