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Donda, Inc. issues a $1.755,000, 10%, 10-year mortgage note on December 31, 2020. to obtain financing for a new building. The terms provide for annual

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Donda, Inc. issues a $1.755,000, 10%, 10-year mortgage note on December 31, 2020. to obtain financing for a new building. The terms provide for annual installment parts of $223,45 INSTRUCTIONS Prepare the entry to record the first installment payment on December 31, 2021. Follow the following Instructions to receive credit 1. Date should be spelled correctly and written as Month Day (ex. February 4). 2. Credit account titles are automatically indented when title is entered. Do not indent manually. 3. Account titles must be spelled correctly. 4. Do not key S-signs within journal entries. Date Accounts Titles and Debit Credit Explanation

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