Cullumber Company issued a $3,700,000, 10%, 10-year mortgage note payable to finance the construction of a building at December 31, 2020. The terms provide for annual installment payments of $602,158. Prepare the entry to record: (a) the mortgage loan on December 31, 2020. (b) the first installment payment. (Credit account titles are automatically indented when amount is entered. Do not indent manually. List all debit entries before credit entries.) (a) (b) Account Titles and Explanation eTextbook and Media Debit Credit

Cullumber Company issued a $3,700,000,10%,10-year mortgage note payable to finance the construction of a building at December 31,2020 . The terms provide for annual installment payments of $602,158. Prepare the entry to record: (a) the mortgage loan on December 31,2020, (b) the first installment payment. (Credit account tities are automotically indented when amount is entered. Do not indent manually, List all debit entries before credit entries)