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Fill in the black Brief Exercise 15-7 2Your answer is partially correct. Try again. Hanschu Inc. issues an $850,000, 20%, 10-year mortgage note on December
Fill in the black Brief Exercise 15-7 2Your answer is partially correct. Try again. Hanschu Inc. issues an $850,000, 20%, 10-year mortgage note on December 31, 2017, to obtain financing for a new building. The terms provide for annual installment payments of $202,744. Prepare the entry to record the mortgage loan on December 31, 2017, and the first installment payment on December 31, 2018. (Round answers to o decimal places, e.g. 125, credit account titles are automatically indented when amount is entered. Do not indent manually) Aocount Titles and Explanation 850,000 Dec. 31, 201 TCash Notes Payable Dec. 31, 201 Unterest Expens Brief Exercise 15-7 2Your answer is partially correct. Try again. Hanschu Inc. issues an $850,000, 20%, 10-year mortgage note on December 31, 2017, to obtain financing for a new building. The terms provide for annual installment payments of $202,744. Prepare the entry to record the mortgage loan on December 31, 2017, and the first installment payment on December 31, 2018. (Round answers to o decimal places, e.g. 125, credit account titles are automatically indented when amount is entered. Do not indent manually) Aocount Titles and Explanation 850,000 Dec. 31, 201 TCash Notes Payable Dec. 31, 201 Unterest Expens
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