Current Attempt in Progress Carla Vista Company borrowed $308,000 on January 1, 2020, by issuing a $308.000, 10% mortgage rele payable. The terms call for annual installment payments of $49.000 on December 31 Your answer is partially correct Prepare the journal entries to record the mortgage loan and the first two installment payments. (Credit account titles automatically indented when amount is entered. Do not indent manually Record journal entries in the order pended in the problem IMG_6082.JPG Date Account Titles and Explanation Jan 1, 2000 Cath Dec 31, 2020 Ex Cash Debit Cre 200000 38300 IMG_6081.JPG IMG 6080.JPG Show 9:38 PM 102002 Question 6 of 8 Dec. 31,2001 Solution List of Accounts Cal 25900 1.85/4 Your answer is incorrect Indicate the amount of mortgage note payable to be reported accent abity and as a long-term bity at December 3 2000 Round onowers to O decimal places 15.250 Current liability $ Cong-term liability $ IMG 6082.JPG IMG_6081.JPG IMG 6000JPG Stone all 938 PM List of Accounts Your answer is incorrect Indicate the amount of mortgage note payable to be reported as a current liability and as a long term liability at December 31, 2020. (Round answers to O decimal places, eg 15,250) Current liability $ Long term liability $ Solution List of Accounts Save for Later Attempts: unlimited Sit Ar IMG 6080.JPG Show all