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On January 1 , 2 0 1 8 , Barlow Barstools Inc. borrowed $ 5 5 0 , 0 0 0 from Mellon Bank and
On January Barlow Barstools Inc. borrowed $ from Mellon Bank and signed a year mortgage stating the interest rate was compounded annually. Barlow Barstools Inc. will make monthly payments of $
A Journalize the mortgage payable issuance on January
B Prepare an amortization table showing the principal and interest in each of the first two payment.
C Journalize the first payment on January
D Journalize the second payment on Feb
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