JS Financial accounting, Seventh Canadian Edition by Kimmel, Weysandt, Kieso, Trenholm, Irvine, and Burnley PRINTER VERSION BACK Problem 10-4 Interactive Computer Company signed a 10-year, 7.1%, $702,600 mortgage on June 30, 2017, to help finance a new repair center. The mortgage terms provide for semi-annual blended principal and interest payments of $49,660. Payments are due on December 31 and June 30. The company's year end is June 30. Prepare an instalment payment schedule for the first two years. (Round answers to the nearest whole dollar, e.g. 5,275.) Semi-annual Cash Interest Reduction of Principal Interest Period Payment Expense Principal Balance June 30, 2017 Dec 31, 2017 $ June 30, 2018 Dec 31, 2018 June 30, 2019 SHOW LIST OF ACCOUNTS LINK TO TEXT LINK TO TEXT Record the receipt of the mortgage loan on June 30, 2017. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Activate Windows Date Account Titles and Explanation Debit Credit Googte Window June 30 Record the first two instalment payments, on December 31, 2017, and June 30, 2018. (Round answers to the nearest whole dollar, c.0.5,275. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Dec 31 June 30 SHOW LIST OF ACCOUNTS LINK TO TEXT LINK TO TEXT LINK TO TEXT LINK TO TEXT ASSIGNHENT RESOURCES WileyPLUS Assignment 3 - Chapter 10 Exercise 103 Exercise 10.6 Extra 10-15 Show the statement of financial position presentation of the mortgage payable at June 30, 2018 Interactive Computer Company Statement of Financial Position (Partial) June 30, 2018 Review Score Review Results by Study Obiective Current liabilities Non current liabilities LIST OF MORNIS LINK TO TEXT LINK TO TEXT By accessing this question Assistance, you will learn while you earn points based on the point potential policy set by your instructor Question Attempts: 0 of 3 used SAVE FOR LATER ROKET ANSWER Earn Mascimum points available only if yovindows answer this question correctly in the attempts or less 11:10
