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Assessment Tool iFrame Required information Problem 9-1A (Algo) Record and analyze installment notes (LO9-2) [The following information applies to the questions displayed below.] On
Assessment Tool iFrame Required information Problem 9-1A (Algo) Record and analyze installment notes (LO9-2) [The following information applies to the questions displayed below.] On January 1, 2024, Howell Enterprises purchases a building for $283,000, paying $53,000 down and borrowing the remaining $230,000, signing a 8%, 10-year mortgage. Installment payments of $2,790.53 are due at the end of each month, with the first payment due on January 31, 2024. Problem 9-1A (Algo) Part 2 2. Complete the first three rows of an amortization schedule. (Do not round intermediate calculations. Round your final answers to 2 decimal places.) Date Cash Paid Interest Expense Change in Carrying Value Carrying Value $ 230,000.00 1/1/2024 1/31/2024 $ 2,790.53 2/29/2024 2,790.53
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