Question 6 of 7 View Policies Current Attempt in Progress Detwiler Orchard issues...
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Question of View Policies Current Attempt in Progress Detwiler Orchard issues a $year mortgage note to obtain needed financing for a new lab. The terms call for annual payments of $ each. Prepare the entries to record the mortgage loan and the first installment payment. Credit accourit titles are automatically indented whel amount is entered. Do not indent mariually. If no entry is required, select No Entry" for the account titles and enter O for the amounts. Round answers to decimal places, eg Account Titles and Explanation Debit Credit To record mortgage loan To record annual payment on mortgage 
Question of
View Policies
Current Attempt in Progress
Detwiler Orchard issues a $year mortgage note to obtain needed financing for a new lab. The terms call for annual payments of $ each.
Prepare the entries to record the mortgage loan and the first installment payment. Credit accourit titles are automatically indented whel amount is entered. Do not indent mariually. If no entry is required, select No Entry" for the account titles and enter O for the amounts. Round answers to decimal places, eg
Account Titles and Explanation
Debit
Credit
To record mortgage loan
To record annual payment on mortgage
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