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E9-5B. Accounting for mortgages (Learning Objective 5) 10-15 min. Orbit Corp. issued a $410,000,9 percent mortgage on January 1,2024 , to purchase warehouses. Requirements 1.

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E9-5B. Accounting for mortgages (Learning Objective 5) 10-15 min. Orbit Corp. issued a $410,000,9 percent mortgage on January 1,2024 , to purchase warehouses. Requirements 1. Complete the amortization schedule for Orbit Corp., assuming payments are made semi-annually. Round amounts to the nearest dollar. 2. Record the journal entries for (a) issuance of the mortgage on January 1, 2024, and (b) the first semi-annual payment on June 30, 2024

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