Suppose Underground Metal purchases land and a building for S198,000 on October 1 2020 Underground Metal obtains a mortgage at an annual rate of 4 percent and will make monthly payments for 30 years. Using the Instalment payment schedule. Journalize the entry for the second mortgage payment which is made on December 1, 2020 B Click the icon to view the instalment payment schedule.) Complete the journal entry below (Record debits first, then credits. Exclude explanations from journal entries. Round amounts to the nearest dollar.) Date Journal Entry Accounts and Explanations Debit Dec Credit 1 X ng Instalment Payment Schedule Parts Mortgage Instalment Payment Schedule Blended Mortgage Payments D Blended % Interest Mortgage Monthly for the Month Reduction in Balance Mortgage (Preceding Dx Principal (Preceding Period Payment 0.04/12) (A-B) D- Current C) Ce 1 2020 $ 198.000 Nov 1.2020 S 945 660 285 197.715 Dec 1 2020 659 286 197 429 Jan 1.2021 658 197.142 287