On July 1, Brandon Han signed a 30-year home mortgage contract in the amount of $300,000. The interest rate on the mortgage is 6.00% compounded monthly, making the monthly payments $1,798.65. (Note: "6.00% compounded monthly" MEANS "0.5% per month.") The first payment is due on August 1 and the second payment is due on September 1. Brandon is a dedicated accountant, so he records all of his household transactions in debit-and-credit format. The journal entry to record the FIRST payment, on August 1, includes