Tamarisk, Inc. issues a $580,000, 10%, 10-year mortgage note on December 31, 2017, to obtain financing for a new building. The terms provide for annual installment payments of $94,392.

Prepare the entry to record the mortgage loan on December 31, 2017, and the first installment payment on December 31, 2018. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)

Date	Account Titles and Explanation	Debit	Credit
Dec. 31, 2017		enter a debit amount	enter a credit amount
		enter a debit amount	enter a credit amount
Dec. 31, 2018		enter a debit amount	enter a credit amount