Jordan, Corp., completed the following transactions in 2010:

Requirements 1. Complete the following amortization schedule for the first four mortgage payments on the \($100,000\) mortgage note, assuming semiannual payments of \($8,024.

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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Jan 1 Purchased a building costing $100,000 and signed a 10-year, 10% mortgage note payable for the same amount. Jun 30 Dec 1 31 31 31 Made the first semiannual payment on the mortgage note payable. Signed a five-year lease to rent a warehouse for $7,000 per month due at the end of each month. The lease is considered an operating lease. Paid for one month's rent on the warehouse. Purchased 10 copiers and signed a $40,000, four-year lease with the option to buy the copiers at the end of the fourth year at a bargain price. Made the second semiannual payment on the mortgage note payable.