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P10-4A Starlight Graphics Ltd, signed mber 31 and June 30. The starlight Graphics Ltd. signed a 10-year, 6.5%, $700,000 mortgage on June 30, 2011 auce

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P10-4A Starlight Graphics Ltd, signed mber 31 and June 30. The starlight Graphics Ltd. signed a 10-year, 6.5%, $700,000 mortgage on June 30, 2011 auce a new research laboratory. The mortgage terms provide for semi-annual blende Principal and interest payments of $48.145. Payments are due on December 31 and June company's year-end is June 30. Instructions (a) Prepare an instalment payment schedule for the first two years. Round all amounts to the nearest dollar (b) Record the receipt of the mortgage loan on June 30, 2017. (c) Record the first two instalment payments, on December 31, 2017, and June 30, 2018. (d) Show the statement of financial position presentation of the mortgage payable at June 30, 2018

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