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8) Bob's Burgers purchased a building on January 1tt by signing a long-term $900,000 mortgage with monthly payments of $10,000. The mortgage carries an interest

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8) Bob's Burgers purchased a building on January 1tt by signing a long-term $900,000 mortgage with monthly payments of $10,000. The mortgage carries an interest rate of 4%. a. Write the journal entry to record the purchase of the building by signing the long-term mortgage. b. Write the journal entry to record the first monthly payment (Jan. 31st ) by Bob's Burgers. c. What is the balance in the Mortgage Payable account, after this first monthly payment is recorded? d. Write the journal entry to record the second monthly payment (Feb. 28 th ) by Bob's Burgers. What is the balance in the Mortgage Payable account, after this second monthly payment is recorded

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