On January 1, 2018, a company purchased equipment and signed a 7 year mortgage note for $90,000 at 5%. The note will be paid in equal installments of $15,139 beginning January 1, 2019. On January 1, 2019, the journal entry to record the first installment payment will include a credit Mortgage Payable for $90,000 debit to Interest Expense for $4,500 debit Mortgage Payable for $15,139 credit to Cash for $5,000 Question 4 4 pts On January 1, 2018, a company purchased office furniture and signed a 6 year mortgage note for $50,000 at 10%. The note will be paid in equal installments of $13,500 beginning January 1, 2019. Calculate the balance in the Mortgage Payable account after the payment of the first installment. $50,000 $36,500 $41,500 $13,500