Winters Corporation received $300,000 on January 1, 2019, when it issued a $300,000, 5% mortgage note payable. The terms provide for annual installment payments of $25,000 due on December 31.

A) Prepare the journal entries for the issuance of the mortgage loan and the first two installment payments.

B)Prepare the journal entries for the following transactions.

1. On January 1, 2020, Dove Company issued $500,000 of 5%, 8-year bonds at 100.

2. On January 1, 2020, Dove Company issued $500,000 of 5%, 8-year bonds at 97.

3. On January 1, 2020, Dove Company issued $500,000 of 5%, 8-year bonds at 102.