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Exercise 10-29 (Part Level Submission) Cullumber Company receives $324,000 when it issues a $324,000, 10%, mortgage note payable to finance the construction of a building

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Exercise 10-29 (Part Level Submission) Cullumber Company receives $324,000 when it issues a $324,000, 10%, mortgage note payable to finance the construction of a building at December 31, 2022. The terms provide for annual installment payments of $54,000 on December 31. (1) Prepare an amortization schedule of a mortgage note for two years. Annual Interest Period Cash Payment Interest Expense Reduction of Principal Principal Balance Issue date 12/31/23 12/31/24 SHOW LIST OF ACCOUNTS LINK TO TEXT LINK TO VIDEO Attempts: 0 of 3 used SAVE FOR LATER SUBMIT ANSWER (a2) The parts of this question must be completed in order. This part will be available when you complete the part above. (a3) The parts of this question must be completed in order. This part will be available when you complete the part above

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