Recording and Assessing the Effects of Installment Loans.

On December $31,$ Dehning, Inc., borrowed $$900,000$ on a $6\%,10-$year mortgage note payable. The note is to be repaid in equal quarterly installments of $$30,084($beginning March $31).$

a$.$ Prepare the journal entries for transactions described above.

$$ Note: Round your answers to the nearest whole dollar.

b$.$ Post the journal entries to their respective T$-$accounts.$$ Note: Enter your answers, in transaction order, in the first open field of the appropriate column in each account.