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On January 1, 2024, Benbrook Company purchased equipment and signed a six-year mortgage note for $80,000 at 15% The note will be paid in equal
On January 1, 2024, Benbrook Company purchased equipment and signed a six-year mortgage note for $80,000 at 15% The note will be paid in equal annual installments of $21,139, beginning January 1, 2025 Calculate the balance of Mortgage Payable after the payment of the first installment (Round your answer to the nearest whole number) OA. $70,861 OB. $58,861 OC. $12,000 OD. $60,351 
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On January 1, 2024, Benbrook Company purchased equipment and signed a six-year mortgage note for $80,000 at 15% The note will be paid in equal annual installments of $21,139, beginning January 1, 2025 Calculate the balance of Mortgage Payable after the payment of the first installment (Round your answer to the nearest whole number) OA. $70,861 OB. $58,861 OC. $12,000 OD. $60,351
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