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Cullumber Well Services Ltd. purchased equipment for $887,000 on September 30, 2021. The equipment was purchased with a $173,000 cash yment and through the issue

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Cullumber Well Services Ltd. purchased equipment for $887,000 on September 30, 2021. The equipment was purchased with a $173,000 cash yment and through the issue of a 5714,000. 5-year, 6% mortgage note payable for the balance. The terms provide for the mortgage to be repaid in monthly blended payments of $13,804 starting on October 31. + com/courses/33319/assignments/3391767 Your answer is partially correct Record the first two instalment payments on October 31 and November 30. (Credit account titles are automatically indented when the amount Is entered. Do not Indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts. Round answers to 0 decimal places, e.g. 5,275.) Date Account Titles and Explanation Oct. 31, 2021 Interest Expense Debit Credit Mortgage Note Payable Cash 13804 (To record payment on note.) Nov. 30, 2021 Interest Expense Mortgage Note Payable Cash (To record payment on note.) Assistance Used e Textbook and Media List of Accounts

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