!!! Question 14 of 19 -13 View Policies Current Attempt in Progress A company takes out a five-year. $3.80-million mortgage on October 1. The interest rate on the loan is 46 per year, and blended payments of $69.983 (including both interest and principal) are to be made at the end of each month. The following is an extract from the loan amortization table the bank provided the company: Payment 1 Payment 2 Payment 3 Payment 4 Beginning Loan Balance $3.800.000 3,742.684 3,685,177 3,627.478 Payment $69.983 69.983 69.983 69.983 Interest $12.667 12.476 12 284 12,092 Principal $57,316 57,507 57,699 57,891 Ending Loan Balance $3,742.684 3,685,177 3.627 478 3,569,587 [b] Prepare the journal entries to record the inception of the loan and the first two monthly payments. (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 for the amounts) Account Titles and Explanation Debit Credit Date Oct. 1 Oct. 31 Nov. 30