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Question 15 Stuckey Company borrowed $800,000 on December 31, 2019, by issuing an $800,000, 8% mortgage note payable. The terms call for annual installment payments

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Question 15 Stuckey Company borrowed $800,000 on December 31, 2019, by issuing an $800,000, 8% mortgage note payable. The terms call for annual installment payments of $119,224 on December 31. decimal places, e.g. 15,250. Credit account Prepare the journal entries to record the mortgage loan and the first two installment payments. (Round answers to tities are automatically indented when amount is entered. Do not indent manually.) Date Account Tities and Explanation Debit Credit Dec 31, 2019 Dec. 31, 2020 Dec 31, 2021 Dec 31, 2021 Indicate the amount of mortgage note payable to be reported as a current liability and as a long-term places, e.g. 15,250.) ability at December 31, 2021. (Round answers to 0 decimal Current liability Long-term liability Click if you would like to show Work for this question: Open Show Work

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