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Prepare the journal entries to record the mortgage loan and the first two installment payments. (Round answers to 0 decimal places, e.g. 15,250. Credit account

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Prepare the journal entries to record the mortgage loan and the first two installment payments. (Round answers to 0 decimal places, e.g. 15,250. Credit account titles are automatically indented when amount is entered. Do not indent manually, if no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Lucky Company borrowed $1,000,000 on December 31,2020 , by issuing $1,000,000,8% mortgage note payable. Theterms call for annual installment payments of $150,000 on December 31 . Prepare the journal entries to record the mortgage loan and the first two installment payments. (Round answers to 0 decimal places, e.g. 15,250. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter ofor the amounts.)

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