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Do It! Review 15-3 Detwiler Orchard issues a $640,000, 6%, 15-year Prepare the entries to record the mortgage loan and the frst installment payment.(Credit account

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Do It! Review 15-3 Detwiler Orchard issues a $640,000, 6%, 15-year Prepare the entries to record the mortgage loan and the frst installment payment.(Credit account titles are automatically indented when amount is entered. Do not indent mortgage note to obtain needed financing for a new lab. The terms call for annual payments of $65,896 each. (To record mortpage loan) To recoed annual payent on mortgage)

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