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

On August 31,2024, blue Mortgage enters into a 10-year, \(6\%,\$ 252,000\) mortgage to finance the construction of a condo complex, The terms provide for monthly instalment payments at the end of each month, commencing September \(30,2024\).(b) Record the first two installment payments on September 30,2024 assuming the payment is a fixed principal payment of $2000 and a blended principal and interest payment of 2664

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