L Liabilities (20%) 2questons each t5% (1) On 31 October 2017, Seldon Company incurs a 30-year $600,000 motpage with the purchase of a hotel. This mortgage is payable in equal monthly include interest computed at an annual rateof12% The Int moety paymet is made on 30 November 2017. This mortgage is fully amortizing over 360 months lability in conjunction installments of $6,485 which (a) Complete the amortization table for the first four payments by entering the comect dollar amounts n the blank spaces provided. Round to the nearest dolar InterestDate Period Payment Issue date Interest (b) Record the first payment in the general journal: Debit Credt Date Account Titles and Explanation (2) Deegan Imports received authorization on December 31, 2017, to issue $4.500,000 tace value of 8%, 20-year bonds. The irterest payment dates are June 30 and December 31, A,t.ords were issued at par, plus one-month accrued interest on February 1.2018 (a) Prepare the journal entry to record the issuance of the bonds on February 1, 2018. (b) Prepare the journal to record the first interest payment on the bonds at June 30 2018 Date Account Titles and Explanation Debit Credit