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On March 31, 2020, La Porte Company obtained a 10-year, 5%6, $140,000 mortgage loan from a bank to finance the purchase of a warehouse in

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On March 31, 2020, La Porte Company obtained a 10-year, 5%6, $140,000 mortgage loan from a bank to finance the purchase of a warehouse in the future. The terms provide for semi-annual instalment payments on September 30 and March 31. (a) Your answer has been saved. See score details after the due date. Record the obtaining of the mortgage payable on March 31, 2020. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries.) Date Account Titles and Explanation Mar 31 Debit Credit Cash 140000 Mortgage Payable 140000 Attempts: 1 of 1 used (b) DO Record the first two instalment payments on September 30, 2020, and March 31, 2021, assuming each payment is $8,981. (Round answers to the nearest whole dollar, e.g. 5,275. Credit account titles are automatically indented when the amount is entere not indent manually. List all debit entries before credit entries.) Blended principal and interest payment Account Titles and Explanation Date September Debit Payment First Instalment Cr 30 Second Instalment Mar. 31

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