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La Porte Company obtained a 10-year, 5%, $170,000 mortgage loan to finance the purchase of a warehouse at March 31, 2017. The terms provide for

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La Porte Company obtained a 10-year, 5%, $170,000 mortgage loan to finance the purchase of a warehouse at March 31, 2017. The terms provide for semi-annual instalment payments on September 30 and March 31. Record the first two instalment payments on September 30, 2017, and March 31, 2018, assuming the payment is (1) a fixed principal payment of $8,500 plus interest, and (2) a blended principal and interest payment of $10,905. (Round answers to the nearest whole dollar, e.g. 5,275. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) (1) Fixed principal payment ount Titles and Explanation Debit Credit nterest Expense 4250 1ortgage Payable 8500 Cash 127: nterest Expense 4037 1ortgage Payable 8500 Cash 125 (2) Blended principal and interest payment Account Titles and Explanation Debit ber Cre 30 Interest Expense 4250 Mortgage Payable Cash 31 Interest Expense Mortgage Payable Cash List of Accounts Save for Later Last saved 1 second ago. Saved work will be auto-submitted on the due date

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