Saturn, Corp., issued a $430,000, 7%, mortgage on January 1, 2012, to purchase warehouses. Requirements 1. Complete
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Requirements
1. Complete the amortization schedule for Saturn, Corp., assuming payments are made semiannually. Round amounts to the nearest dollar.
2. Record the journal entries for (a) issuance of mortgage on January 1 , 2012, and (b) the first semiannual payment on June 30,2012.
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Req 1 A B C D Date Payment Interest D x 7 x 612 Principal ...View the full answer
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