VioTech issues a $112,000, 5.5%, 30-year mortgage note on December 31, 2025. Annual installment payments are $7,706. A partial amortization table is presented here. Prepare the entry to record the first installment payment. Interest Period Issue date 1 Cash Payment $7,706 Dec. 31 Interest Expense at 5.5% $6,160 Date Account Titles and Explanation Reduction of Principal $1,546 Principal Balance Prepare the entry to record the first installment payment. (List all debit entries before credit entries. 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 enter O for the amounts.) Debit $112,000 110,454 Credit Attempts: 0 of 3 used Submit Answer

Viofech issues a $112,000,55%,30 vear mortgage note on December 31, 2025, Annual instaltment payments are \$7,706. A partial amortiration table is presented here. Prepare the entry to record the first installment pavment. Prepare the entry to record the first installment payment. Aist all debit entries before credit entries. Credit account tities are automatically indented when the amount is entered. Do not indent monually. If no entry is required, select "No Entry' for the account tities and enter Ofor the amounts]