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Hanschu Inc. issues a $849,000, 10%, 10-year mortgage note on December 31, 2015, to obtain financing for a new building. The terms provide for semiannual

Hanschu Inc. issues a $849,000, 10%, 10-year mortgage note on December 31, 2015, to obtain financing for a new building. The terms provide for semiannual installment payments of $68,126.

Prepare the entry to record the mortgage loan on December 31, 2015, and the first installment payment. (Round answers to 0 decimal places)

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