Current Attempt in Progress Swifty Company purchased a building on January 2 by signing a long-term $621000 mortgage with monthly payments of $5300. The mortgage carries an interest rate of 8 percent The entry to record the first monthly payment will include a debit to the Cash account for $5300. dehit to the interest Expense account for 54140. credit to the Cash account for 54140 credit to the Mortgage Payable account for $5300 Attempts of lused S AS for at