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On November 20,2024 Sunlad inc. financed of the purchase of a building by sining a $384,000 10-year 6% mortgage note payable. The terms provide for

On November 20,2024 Sunlad inc. financed of the purchase of a building by sining a $384,000 10-year 6% mortgage note payable. The terms provide for monthyl instalment payments.

1-prepare the journal entries to record the receipt of the mortgage loan on November 30,2024 and the first two payments on December 31,2024 and January 31, 2025 assuming the payment is blended payment of $4,263

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