On December $31,2023,$ Sheridan Corp. obtained a $10-$year, $5\%,$ $$171,600$ mortgage loan from a bank to finance the purchase of a building in the future. The terms provide for semi$-$annual instalment payments of principal and interest on June $30$ and December $31.$

Record the obtaining of the mortgage payable on December $31,2023.($Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select $"$No Entry" for the account titles and enter $0$ for the amounts. List debit entry before credit entry.$)$

Date

Account Titles

Debit

Credit

Dec. $31,2023$