On January 1, Greene Autos Signed a $270,000, 8%, 30-Year

Multiple Choice

On January 1, Greene Autos signed a $270,000, 8%, 30-year mortgage that requires semiannual payments of $11,934 on June 30 and December 31 of each year. The journal entry to record the second semiannual payment would be: (Round your final answer to the nearest dollar.)

A) debit Interest Expense, $10,755; debit Mortgage Payable, $1,179; credit Cash, $11,934.
B) debit Mortgage Payable, $11,934; credit Cash, $11,934.
C) debit Interest Expense, $10,755; debit Mortgage expense, $1,179; credit Cash, $11,934.
D) debit Interest Expense, $1,179; debit Mortgage Payable,$10,755; credit Cash, $11,934.