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On January 1 2018. Brazos Company purchased equipment and signed a six-year mortgage note for $97.000 at 15% The nole will be paid in equal

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On January 1 2018. Brazos Company purchased equipment and signed a six-year mortgage note for $97.000 at 15% The nole will be paid in equal annual installments of $25031beginning January 1, 2018 On January 1, 2019, the journey trecord me first installment payment will include a (Round your answer to the nearest whole number) debit to Mortgage Payable for 525 637 B. credit to Cash for $11081 OC. debit to interest Expense for $14550 OD Credit to Mortgage Payable for $97.000

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