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

1.debit to the Cash account for $600,000.2.debit to the Mortgage Payable account for $600,000.3.credit to the Cash account for $600,000.4.credit to the Mortgage Payable account for $600,000.