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Glen Pool Club, Inc., has a $150,000 mortgage liability. The mortgage is payable in monthly installments of $1,543, which include intrest computed at an annual

Glen Pool Club, Inc., has a $150,000 mortgage liability. The mortgage is payable in monthly installments of $1,543, which include intrest computed at an annual rate of 12 percent(1 percent monthly). B. Prepare the journal entry to record the second monthly payment

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