Suppose Shiny Metal purchases land and a building for $22.000 on October 1, 2020 Shiny Metal obtains a mortgage at an annual rate of 4 percent and will make monthly payments for 40 years Using the instalent payment schedule, joumalize the entry for the second mortgage payment, which is made on December 1, 2020 Click the icon to view the instalment payment schedule Complete the journal entry below (Record debits first, the credits. Exclude explanations from journal entries. Round amounts to the nearest dolar) Journal Entry Date Accounts and Explanations De Credit Dec 1 28 of 69 (8 complete) 0 Instalment Payment Schedule - X w honthly payments fo e.) Partial Mortgage Instalment Payment Schedule Blended Mortgage Payments B redi 4 Blended 4% Interest for the Month (Preceding Dx 0.04 / 12) Reduction in Principal (A-B) Monthly Mortgage Period Payment Oct 1, 2020 Nov 1, 2020 $ 844 Dec 1.2020 844 Jan 1, 2021 844 Mortgage Balance (Preceding D- Current C) 202,000 201,829 201.658 201.486 673 171 171 673 672 172 lds and Print Done