On January 1,2016,Bratios Company Purchased Equipment and Signed a Six-Year

On January 1,2016,Bratios Company purchased equipment and signed a six-year mortgage note for $194,000 at 15%.The note will be paid in equal annual installments of $51,262,beginning January 1,2017.On January 1,2017,the journal entry to record the first installment payment will include a ________.(Round your answer to the nearest whole number. )

A) debit to Mortgage Payable for $51,262
B) debit to Interest Expense for $29,100
C) credit to Cash for $22,162
D) credit to Mortgage Payable for $194,000