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Question 4 of 20 -/15 View Policies Current Attempt in Progress Blossom Inc. issues a $300,000, 10-year, 6% mortgage note payable on November 30, 2021, to obtain financing for a new building. The terms provide for monthly instalment payments. Prepare the journal entries to record the mortgage loan on November 30, 2021. and the first two payments on December 31, 2021. and January 31, 2022, assuming the payment is a fixed principal payment of $2,500. (Credit account titles are automatically Indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account eltles and entero for the amounts. Round answers to decimal places, eg. 5,275.) Account Titles and Explanation Debit Credit Date Nov. 30, 2021 I (To record issuance of note.) Dec. 31, 2021 (To record payment on note) Jan. 31, 2022 Question 4 of 20 > -/15 Prepare the journal entries to record the mortgage loan on November 30, 2021, and the first two payments on December 31. 2021, and January 31, 2022, assuming the payment is a fue principal payment of $2.500. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry required, select "No Entry for the account title and entero for the amounts Round answers to decimal places, cy, 5.2750 Account Titles and Explanation Debit Credit Date Nov 30, 2021 (To record issuance of note) Dec. 31, 2021 To record payment on note: Jan. 31, 2022 to record payment List of Accounts - / 15 Prepare the journal entries to record the mortgage loan on November 30, 2021, and the first two payments on December 31, 2021, and January 31, 2022, assuming the payment is a blended payment of $3,331. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and entero for the amounts. Round answers to decimal places, eg. 5,275.) Account Titles and Explanation Date Nov. 30, 2021 Debit Credit (To record issuance of note.) Dec. 31, 2021 (To record payment on note.) Jan. 31, 2022 (To record payment on note.) List of Accounts