Jernigan Co. receives $293,400 when it issues a $293,400, 11%, mortgage note payable to finance the construction of a building at December 31, 2017. The terms provide for annual installment payments of $48,900 on December 31. Prepare the journal entries to record the mortgage loan and the first two payments. (Round answers to O decimal places, e.g. 15,250. Credit account titles are automatically Indented when amount is entered. Do not Indent manually.)