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please help!! Kossel will make monthly poymonts of 55,438 . B6. Round is two decimal places. Fxplanntions mre not required for journal enties. Read the
please help!!
Kossel will make monthly poymonts of 55,438 . B6. Round is two decimal places. Fxplanntions mre not required for journal enties. Read the reodiremerts Requirement 3. Joumalize the first payment on January 31, 2024. (Enter amounts to the nearest cent. Record debits first, then credits. Exclude explanations from any joumal entries.) Requirement 4. Joumaize the second payment on February 29, 2024 (round to two decimal places). (Enter amounts to the nearest cent. Record debits first, then credits. Exclude explanations from any joumal entries.) This transaction is similar to Requirement 3, except that we are recording the second payment on the note. Refer to the amortization schedule you prepared in Requirement 2. Note that the cash payment amount will be the same each month-only the principal and interest expense amount wil change. Record the payment on February 29, 2024 Step by Step Solution
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