Franco, Corp., completed the following transactions in 2010: Requirements 1. Complete the following amortization schedule for the
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Franco, Corp., completed the following transactions in 2010:
Requirements 1. Complete the following amortization schedule for the first four mortgage payments on the \($140,000\) mortgage note, assuming semiannual payments of \($9,633.
2. Record the journal entries for the 2010 transactions.
3. Prepare the long-term liabilities section of the balance sheet on December 31, 2010.
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