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Question 2 Oriole Company receives $ 385,000 when it issues a $ 385,000, 7%, mortgage note payable to finance the construction of a building at
Question 2 Oriole Company receives $ 385,000 when it issues a $ 385,000, 7%, mortgage note payable to finance the construction of a building at December 31, 2017. The terms provide for annual installment payments of $42,271 on December 31. Prepare an amortization schedule of a mortgage note for two years. (Round answers to O decimal places, eg. 5,275.) Annual Interest Period Cash Payment Interest Expense Reduction of Principal Principal Balance Issue date $ 12/31/18 12/31/19 eTextbook and Media List of Accounts
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