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PRINTER VERSION BACK Exercise 15-10 Dreiling Company borrowed $570,000 on January 1, 2017, by issuing a $570,000, 7% mortgage note payable. The terms call for

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PRINTER VERSION BACK Exercise 15-10 Dreiling Company borrowed $570,000 on January 1, 2017, by issuing a $570,000, 7% mortgage note payable. The terms call for annual installment payments of $47,500 on December 31 Prepare the journal entries to record the mortgage loan and the first two installment payments. (Round answers to o decimal places, eg. 15,250. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Jan. 1, 2017 Dec. 31, 2017 Dec. 31, 2018 SHOW LIST OF ACCOUNT

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