Sheridan Company receives $348,000 when it issues a $348,000, 10%, mortgage note payable to finance the construction of a building at December 31, 2025. The terms provide for annual installment payments of $58,000 on December 31. ont paymonts (list all dehit entries before credit entries.

Sheridan Company receives $348,000 when it issues a $348,000,10%, mortgage note payable to finance the construction of a building at December 31, 2025. The terms provide for annual instaltment payments of $58,000 on December 31 . Sheridan Comparry receives $348,000 when it issues a $348,000,10%, mortgage note payable to finance the construction of a building at December 31,2025. The terms provide for annual installment payments of $58,000 on December 31. Prepare the journal entries to record the mortgage loan and the first two installment payments. (Uist oll debit entries before credit entries. Credit occount titles are outomatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the occount tities and enter of for the amounts