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CBKR financed 1 0 0 % of the cost of the land / building with a 3 0 year note payable with monthly payments of
CBKR financed of the cost of the landbuilding with a year note payable with monthly payments of $ and an interest rate of His first payment was made May Matt tells you he posted the entire amount of each payment against the note payable account. You will need to prepare an AJE to reclassify interest portion of payments to Interest expense. Note: Prepare an amortization schedule using an excel template. Loan amount: $ annual interest rate: loan period in years: number of payments per year: start date of loan: optional extra payments: $; scheduled payment should equal $ Matt rounded up and is paying $month Save amortization schedule as part of workbook file Need help making the schedule.
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