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Gobbler Inc. issues a $ 7 0 0 , 0 0 0 , 6 % , 1 0 year mortgage note on December 3 1

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Gobbler Inc. issues a $700,000,6%,10 year mortgage note on December 31,2023 to obtain financing for a new building. The terms provide for semiannual installment payments of $47,051. Prepare the entry to record the mortgage loan on December 31,2023 and the first installment payment paid on 6-30-24.
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