Your answer is partially correct. Oriole Inc. signed a 10 -year, 4%,$600,000 mortgage payable on November 30,2020 , with a bank to obtain financing for a new equipment. The terms provide for instalment payments of $6,075 at the end of each month. Prepare the entries to record the mortgage on November 30,2020 , and the first two payments on December 31, 2020, and January 31, 2021. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries. Round answers to the nearest whole dollar, eg. 5,275. 2021 Jan 31 interest Expense 1996 Mortgage Payable
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