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On August 3 1 , 2 0 2 4 , Bridgeport Mortgage enters into a 1 0 - year, 6 % , $ 2 2

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On August 31,2024, Bridgeport Mortgage enters into a 10-year, 6%,$228,000 mortgage to finance the construction of a condo
complex. The terms provide for monthly instalment payments at the end of each month, commencing September 30,2024.
Record the issue of the mortgage payable on August 31,2024.(Credit account titles are automatically indented when the amount is
entered. Do not indent manually. List debit entry before credit entry.)
Aug.
31.
2024
Record the first two instalment payments on September 30,2024, and October 31,2024, assuming the payment is (1) a fixed
principal payment of $1,900, and (2) a blended principal and interest payment of $2,531.(Credit account titles are automatically
indented when the amount is entered. Do not indent manually. List all debit entries before credit entries. Round answers to 0 decimal
places, e.g.5,275. Record journal entries in the order presented in the problem.)
Date
Account Titles
Debit
Cre
Payment 1:
Payment 2:
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