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Current Attempt in Progress A company takes out an eight year. $660,000 mortgage on September 1. The interest rate on the mortgage is 6% per

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Current Attempt in Progress A company takes out an eight year. $660,000 mortgage on September 1. The interest rate on the mortgage is 6% per year and blended payments of $8,673 (including both interest and principal) are to be made at the end of each month. The following is an extract from the mortgage amortization table: Determine the missing amounts (Round answers to decimal places, es. 125.) Beginning Mortgage Balance Payment Interest Prin Payment 1 $660,000 $ (1) $3,300 Payment 2 654,627 8.673 (3) Payment 3 (5) 8.673 3,246 643,800 8.673 3.219 Payment 4 e Textbook and Media VCS A company takes out an eight-year, 5660,000 mortgage on September 1. The interest rate on the mortgage is 6% per year, and blended payments of $8,673 (including both interest and principal) are to be made at the end of each month. The following is an extract from the mortgage amortization table: Determine the missing amounts. (Round answers to decimal places, eg. 125) Ending Mortgage Balance Interest Principal (1) $ $5,373 $3.300 (2) 8,673 649.227 (3) 8,673 (6) 3.246 5,427 5.454 638,346 8,673 3.219 e Textbook and Media sho Prepare the journal entries to record the inception of the mortgage and the first two monthly payments. Ignore year end accruals of interest. (Credit account titles are automatically indented when amount is entered. Do not indent manually. W no entry is required, select "No Entry for the account titles and enter for the amounts.) Account Titles and Explanation Debit Credit (To record the inception of the mortgage) (To record the first monthly payment) Question 1 of 3 - / 100 E III (To record the inception of the mortgage) . To record the first monthly payment) (To record the second monthly payment) e Textbook and Media

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