Accounting Chapter 9 Debts

Required information (The following information applies to the questions displayed below. Part 2 of 4 On January 1, 2021, Stoops Entertainment purchases a building for $580,000, paying $110,000 down and borrowing the remaining $470,000, signing a 9%, 15-year mortgage. Installment payments of $4,767.05 are due at the end of each month, with the first payment due on January 31, 2021. 5 points 2. Complete the first three rows of an amortization schedule. (Do not round intermediate calculations. Round your final answers to 2 decimal places.) eBook Print Decrease in References Date Cash Paid Interest Expense Carrying Value Carrying Value 01/01/2021 $ 01/31/2021 02/28/2021 4,767.05 4,767.051