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Do It! Review 10-6 Detwiler Orchard issues a $630,710, 8 % , 15-year mortqage note to obtain needed financing for a new lab. The terms
Do It! Review 10-6 Detwiler Orchard issues a $630,710, 8 % , 15-year mortqage note to obtain needed financing for a new lab. The terms call semiannual payments of $36.474 each Prepare the entries to record the mortgage loan and the first installment payment. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Round answers to 0 decimal places e.g. 8,970.) Account Titles and Explanation Debit Crodit (To record mortoage loan) (To record semiannual payment on mortgage)
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