Tucki Co. receives $240000 when it issues a $240000 8% mortgage note payable to finance the construction of a building at December 31
2014. The terms provide for semiannual installment payments of $17660 on June 30 and December 31. Prepare the journal entries to record the mortgage loan and the first two installment payments. (Round
answers to 0 decimal places e.g. 15250. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Dec. 31 2014 June 30 2015 Dec. 31 2015