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Exercise 10-29 (Part Level Submission) Wildhorse Co. receives $372,000 when it issues a $372,000, 10%, mortgage note payable to finance the construction of a building
Exercise 10-29 (Part Level Submission) Wildhorse Co. receives $372,000 when it issues a $372,000, 10%, mortgage note payable to finance the construction of a building at December 31, 2022. The terms provide for annual installment payments of $62,000 on December 31. v (al) 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 5 12/31/23 12/31/24
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