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Journalize the establishment of the mortgage 5600.000 in the form of a mortgage on January 1, 2017, of a large building. The mortgage rate is

image text in transcribedJournalize the establishment of the mortgage
5600.000 in the form of a mortgage on January 1, 2017, of a large building. The mortgage rate is 6% and the term is 20 Supenior Spirit Corp bormowed to finance the purchase olowing chat shows the first five mortgage payments Semiarnual l payments of $25.957 43 are made on January 1 and July 1. The Interest Cash Interest Reduction of Principle $600,00 Peniod Payment Expense Principle Balance L 2017 7.957.43 592,042.57 8,196.15 583,846.42 525,957 18,00 an 3/35$2595743 17761 y1/15 $25.95743 1751539 8, 442.04 575,404.38 8,695.30 566,709.08 8,956.16 557.752.92 1/19 25 957 43 172621 /19$25.95743 17.001 Joumalize the establishment of the mortgage and the first mortgage payment made on July 1, 2017 Debit Credit

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