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On November 1, 2018, Johnson Pharmacies mortgaged its warehouse, receiving $360,000 cash. The mortgage requires monthly payments of $10,000, starting November 30, 2018. The interest

On November 1, 2018, Johnson Pharmacies mortgaged its warehouse, receiving $360,000 cash. The mortgage requires monthly payments of $10,000, starting November 30, 2018. The interest rate on the mortgage is 8%. After making the $10,000 payment on November 30, 2018, what will be the remaining balance in the Mortgage Payable account?

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