Question 10 6 pts Adair Corporation purchased a building on January 2 by signing a long-term $1,200,000 mortgage with monthly payments of $11,000. The mortgage carries an interest rate of 10 percent. The entry to record the first monthly payment will be: Mortgage Payable 1,000 Mortgage Interest Expense 10,000 (Debit)/Cash 11.000 (Credit) . Mortgage Interest Expense 1.000 Mortgage Payable 10,000 (Debit)/Cash 11.000 (Credit) O Mortgage Interest Expense 11.000 (Debit)y Cash 11,000 (Credit) Mortgage Payable 11.000 (Debit) Cash 11,000 (Credit)