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On December 31,2024 , Samuels Bakery Company purchased $500,000 of property by paying $100,000 in cash and signing a 10 -year mortgage at 10% for

image text in transcribed On December 31,2024 , Samuels Bakery Company purchased $500,000 of property by paying $100,000 in cash and signing a 10 -year mortgage at 10% for the balance. The amortization schedule shows that the company will pay $65,098 per year. What is the journal entry for the first yearly payment on December 31,2025

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