Pharoah Company receives $382,800 when it issues a $382,800, 10% mortgage note payable to finance the construction of a building at December 31, 2022. The terms provide for annual installment payments of $63,800 on December 31. Prepare the journal entries to record the mortgage loan and the first two payments. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)

Date	Account Titles and Explanation	Debit	Credit
choose a transaction date Dec. 31, 2022Dec. 31, 2023	enter an account title	enter a debit amount	enter a credit amount
	enter an account title	enter a debit amount	enter a credit amount
Dec. 31, 2023	enter an account title for the journal entry on December 31, 2023	enter a debit amount	enter a credit amount
	enter an account title for the journal entry on December 31, 2023	enter a debit amount	enter a credit amount
	enter an account title for the journal entry on December 31, 2023	enter a debit amount	enter a credit amount
Dec. 31, 2024	enter an account title for the journal entry on December 31, 2024	enter a debit amount	enter a credit amount
	enter an account title for the journal entry on December 31, 2024	enter a debit amount	enter a credit amount
	enter an account title for the journal entry on December 31, 2024	enter a debit amount	enter a credit amount