Jernigan Co. receives $150,000 when it issues a S150,000, 9%, mortgage note payable to finance the construction of a building at December 31, 2017. The terms provide for annual installment payments of $25,000 on December 31. Prepare the journal entries to record the mortgage loan and the first two payments. (Round answers to 0 decimal places, e.g. 15,250. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Jernigan Co. receives $150,000 when it issues a S150,000, 9%, mortgage note payable to finance the construction of a building at December 31, 2017. The terms provide for annual installment payments of $25,000 on December 31. Prepare the journal entries to record the mortgage loan and the first two payments. (Round answers to 0 decimal places, e.g. 15,250. Credit account titles are automatically indented when amount is entered. Do not indent manually.)