Matrix Consulting Agency signed a 10-year, 7.2%, $741,720 mortgage on June 30, 2017, to help finance a new office building. The mortgage terms provide for semi-annual blended principal and interest payments of $52,662. Payments are due on December 31 and June 30. The companys year end is June 30.

a) Record the first two installment payments, on December 31, 2017, and June 30, 2018.

b) Show the statement of financial position presentation of the mortgage payable at June 30, 2018.