could use the monthly payement schedule on top as model to answer SE2 Thx.

payments are $1,20 interest Prepare journal entry to record Ju Reduction in Expense Unpaid balance Unpaid balance Monthly Debt at end of Payment date at beginning of Payment period period $100,000 June 1 July 1 Aug. 1 Sept. 1 Mortgage Payable SE2. Hagler Corporation purchased a building by signing a $150,000 long-term mortgage with monthly payments of $1,200. The mortgage carries an interest rate of 8 percent per year. Prepare a monthly payment schedule showing the monthly payment, the interest for the month, the reduction in debt, and the unpaid balance for the first three months. (Round to the nearest dollar.)