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Issued check 281 in the amount of $800.53 to First Steamboat Bank for the monthly mortgage payment for the business. $2,000.00 was applied to the
Issued check 281 in the amount of $800.53 to First Steamboat Bank for the monthly mortgage payment for the business. $2,000.00 was applied to the principal, and $800.53 was applied to interest. (Be sure to list the principal seperate from the interest . Use the Interest Expense account to record the interest. How and to what journals is this posted? How would you post this to the General Journal?, Interest Expense Account and is there another account to post this to?
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