accounts question

Montgomery Wines Lid. issued an $880,000, five-year, 6 percent mortgage note payable on December 31, 2020, to help finance a new warehouse. The terms of the mortgage provide for semi-annual blended payments of $103, 163 on June 30 and December 31 of each year. Required 1. Prepare an instalment payment schedule for the first two years of this mortgage 2. Record the issuance of the mortgage note payable on December 31, 2020. 3. Report mortgage payable on the December 31, 2020, balance sheet. Use the principal reduction to calculate the current portion. 4. Journalize the first two instalment payments on June 30, 2021, and December 31, 2021. Requirement 1. Prepare an instalment payment schedule for the first two years of this mortgage. (Round all amounts to the nearest whole dollar.) A B D E Semi-annual Interest Principal Ending Interest Beginning Blended Expense Payment Balance Period Balance Payment 3% (B - C) (E - D) Dec. 31, 2020 Jun. 30, 2021 Enter any number in the edit fields and then click Check Answer, ? 7 parts Clear All Check Answer remaining O W A D ) ENG 10:27 PM Type here to search 2020-05-30 hp