Use the following to answer questions 11-12: Delmar Company purchased a building on January 2 by singing a long-term $840.000 ma with monthly payments of $7,700. The mortgage carries an interest rate of 10 percent 11. The entry to record the first monthly payment will include a A) Debit to the Cash account for $7,700. B) Credit to the Cash account for $7,000. C) Debit to the Interest Expense account for $7,000. D) Credit to the Mortgage Payable account for $7,700. 12. The amount owed on the mortgage after the first payment will be A) $840,000. B) $839,300. C) $833,000. D) $832,300