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Chapter 10 - Workshep On January 1, 2022, Montrose Mortgage enters into a 5-year, 6%,5100,000 morteage to finance the purchase of a oflice space. The

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Chapter 10 - Workshep On January 1, 2022, Montrose Mortgage enters into a 5-year, 6%,5100,000 morteage to finance the purchase of a oflice space. The ierms provide for monthly instalnent payments at the end of each month, January 31,2022. Instruetions: (a) Record the issue of the mortgnge payable on January 1,2022. (b) Prepare as amortization schedule for the entire 5-year mortgage. (c) Record the first two instalment payments on January 31, 2022 and February 28, 2022, assuming the payment is a blended principal and interest payment of $1,950. For all calculations, round to 2 decimal places

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