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1. Provide a joumal entry to record the September mortgage payment ( 3 marks) 2. If $10 million of the mortgage principal will be paid

1. Provide a joumal entry to record the September mortgage payment ( 3 marks) 2. If $10 million of the mortgage principal will be paid in the next 12 months after NAIT's December 31 year-end, how much of the mortgage payable is long-term liability? (2 marks) 3. What would be the mortgage interest expense reported on NAIT's Statement of income for the year ended December 31, 2020 ? (2 marks)

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