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3) Jebco has a $600,000 mortgage payable. The mortgage has a 4% interest rate. Jebco's monthly payments are $4,546. (Round all answers to the nearest

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3) Jebco has a $600,000 mortgage payable. The mortgage has a 4% interest rate. Jebco's monthly payments are $4,546. (Round all answers to the nearest dollar). a. Prepare the journal entry to record the first monthly payment on June 30, 2020? 6/30/2020 b. What is the Principal Balance of the Mortgage after the second monthly payment

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