9/4-You decided to purchase an office building for your business. The cost of the office was $200,000. Pig E. Bank agreed to finance the purchase and offered you a 30-year 6.0% mortgage and required you to make a 10% down payment. You made the deposit by issuing check #104. You monthly payments will be due on the fourth of each month. The first monthly note is due on October 4.

9/30-You accrued interest on the Pig E. Bank mortgage. Use 360 days in the year to calculate the interest. The payment terms are 1/10, net 30.

10/4-You make the first monthly payment to Pig E. Bank by issuing check #110. Use your financial calculator to determine the amount of the payment, principal and interest. Show all calculations in your journal. I need the journal entry and calculations for the October 4th transaction. Thanks.

10/31- You accrued interest on the Pig E. Bank mortgage. Use 360 days in the year to calculate the interest. You are accruing for the interest for the number of days interest earned since the payment of the first note on 10/4. You will have to reduce the principal amount of the loan by the amount of the payment applied to the principal on the first note. Show work/computations. Thank you so much.

11/2- You make the second monthly payment to Pig E. Banks by issuing check #121. Use your financial calculator to determine the amount of the payment, principal and interest. Use 10/4 as the payment date for your calculations. Show all calculations in the journal.

11/30- You accrued interest on the Pig E. Bank mortgage. Use 360 days in the year to calculate the interest. You are accruing the interest for the number of days interest earned since the payment of the first note on 11/4. You will have to reduce the principal amount of the load by the amount of the payment applied to the principal on the first and second notes. Show your computations in the journal.

I need November journal transactions. Can you please show how you get the principal, interest, and monthly payments on a financial calculator and by hand. Thank you so much.

No	Date	Account Title and Explanation	Debit	Credit
1	4-Sep	Office Building	$200,000.00
		Notes Payable (Long Term)		$180,000.00
		Cash		$20,000.00
		(Record purchase of office building)
2	30-Sep	Interest Expense	$780.00
		Interest Payable		$780.00
		(Record accrued interest)
3	4-Oct	Interest Payable	$780.00
		Interest Expense	$120.00
		Notes Payable (Long Term)	$179.19
		Cash		$1,079.19
		(Record first monthly payment)
4	31-Oct	Interest Expense	$779.22
		Interest Payable		$779.22
		(Record accrued interest)