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i just need the answer for the red blank which are the incorrect answer. thank you PRINTER VERSION PACK Exercise 15-9 Your answer is partially
i just need the answer for the red blank which are the incorrect answer. thank you PRINTER VERSION PACK Exercise 15-9 Your answer is partially correct. Try again. Jernigan Co. receives $289,800 when it issues a $289,800, 13%, mortgage note payable to finance the construction of a building at December 31, 2017. The terms provide for annu installment payments of $48,300 on December 31. Prepare the journal entries to record the mortgage loan and the first two payments. (Round answers to o decimal places, eg. 15,250. Credit account titles are automatical Indented when amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit Dec 31, 2017 Cash 289,800 Date Notes Payable 289.800 Dec 31, 2018 Notes Payable 10.626 Interest Expense 37,6741 Cash 48,300 Dec 31, 2019 notes Payable 12.0071 Interest Expense 36,293 Cash 48,300
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