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On December 3 1 , Dehning, Inc., borrowed $ 2 4 0 , 0 0 0 on = a 6 % , 1 0 -

On December 31, Dehning, Inc., borrowed $240,000 on=a 6%,10-year mortgage note payable. The note is to be repaid in equal quarterly installments of $8,022(beginning March 31). Using the financial statement effects template, report (1) the issuance of the mortgage note payable, (2) the payment of the first installment on March 31, and (3) the payment of the second installment on June 30.
Note: Use negative signs with your answers, when appropriate.
Note: Select "N/A" as your answer if a part of thf accounting equation is not affected.
Note: Round your answers to the nearest whole dollar.
On December 31, Dehning, Inc., borrowed $240,000 on=a 6%,10-year mortgage note payable. The note is to be repaid in equal quarterly installments of $8,022(beginning March 31). Using the financial statement effects template, report (1) the issuance of the mortgage note payable, (2) the payment of the first installment on March 31, and (3) the payment of the second installment on June 30.
Note: Use negative signs with your answers, when appropriate.
Note: Select "N/A" as your answer if a part of the accounting equation is not affected.
Note: Round your answers to the nearest whole dollar.
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