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Prepare an amortization schedule of a mortgage note for two years Annual Interest Period Issue date Cash Payment Interest Expense Reduction of Princloal Prin Bali

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Prepare an amortization schedule of a mortgage note for two years Annual Interest Period Issue date Cash Payment Interest Expense Reduction of Princloal Prin Bali 5 $ $ 12/31/23 12/31/24 - 10 Prepare the journal entry to record the mortgage loan. (Credit account titles are automatically indented when amount is entered. Do not indent manually) Date Dec 31 Account Titles and Explanation Debit Credit eTextbook and Media Listot Accounts Prepare the jour entries to record the first twistments Credit tontistically incantat when mount is entered Do not indent manually Data Account Tities and Explanation Credit Debit First installent Payment Decat 2023 Second installment Payment Dec. 31 2024 Textbook and Media List of Accounts Ivanhoe Company receives $258,000 when it issues a $258,000, 10%, mortgage note payable to finance the construction of a building at December 31, 2022. The terms provide for annual installment payments of $43,000 on December 31 Prepare an amortization schedule of a mortgage note for two years, Cash Payment Interest Expense Reduction of Principal Principal Balance Prepare the journal entry to record the mortgage loan. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Dec. 31, 2022 eTextbook and Media List of Accounts Prepare the journal entries to record the first two installment payments. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit First Installment Payment Dec. 31 2023 Second Installment Payment Dec. 31. 2024

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