Adair Corporation Purchased a Building on January 2 by Signing

Adair Corporation purchased a building on January 2 by signing a long-term $1,200,000 mortgage with monthly payments of $11,000.The mortgage carries an interest rate of 10 percent.The entry to record the mortgage will include a

A) debit to the Mortgage Payable account for $1,200,000.
B) credit to the Cash account for $1,200,000.
C) debit to the Cash account for $1,200,000.
D) credit to the Mortgage Payable account for $1,200,000.