rabbit company issued at $140000, 4.0%, 10 year
Keel Company purchased a building and land with a fair market value of 5475,000 (building, $275,000 and land, $200,000) on January 1, 2018. Keel signed a 25-year, 8% mortgage payable. Keel will make monthy payments of $3,666.13. Round to two decimal places. Explanations are not required for joumal entnes Read the requirements Requirement 1. Journalize the mortgage payable issuance on January 1, 2018. (Record debits first, then credits. Exclude explanations from any joumal entries.) Date Accounts Debit Credit 2018 275000 Building Jan. 1 200000 Land 475000 Mongage Payable E Requirement 2. Prepare an amonization schedule for the first twe payments Round all numbers to the nearest cent) Ending Total Principal Interest Beginning Choose from any tst or enter any number in the input felds and then continue to the next question. ascript dolee Type here to search Keel Company purchased a building and land with a fair market value of S475,000 (building, $275,000 and land, $200,000) on January 1, 2018. Keel signed a 25-year, 8% mortgage payable. Keel will make monthly payments of $3,666.13. Round to two decimal places. Explanations are not required for journal entries. Read the reguirements Requirement 2. Prepare an amortization schedule for the first two payments. (Round all numbers to the nearest cent ) Total Ending Beginning Principal Interest Requirements Expense Payment Balance Balance Payment 475000 1/1/2018 475000 1. Journalze the mortgage payable issuance on January 1, 2018 2. Prepare an amortization schedule for the frst two payments 3. Joumalize the first payment on January 31, 2018 4. Journalize the second payment on February 28, 2018 1/31/2018 2/28/2010 3. Journalize the first payment on January 31, 2018 (Enter amounts to the nearest cent. Recon Requirement Credit Debit Accounts Date Done Print 2018 Choose from any ist or enter any number in the input fieids and then continue to the nexd question 227 PM tdolrci 122019 Type here to search Keel Company purchased a buildng and land with a fair market value of $475,000 (buildng, S275,000 and land, 5200,000) on January 1, 2018. Keel signed a 25-year, 8% mortgage payable. Keel will make monthly payments of $3,666.13. Round to two decimal places. Explanations are not required for journal entries Read the tequirements Requirement 3. Journalize the first payment on January 31, 2018. (Enter amounts to the nearest cent. Record debits fest, then credts. Exclude explanations fom any joumal entries. ) Date Accounts Debit Credit 2018 Jan. 31 Requirement 4. Jounalize the second payment on February 28, 2018. (Enter amounts to the nearest cent Recond debts frst then credits Exclude explanations fom any joumal entries) Debit Credit Accounts Date Choose trom any list or enter any number in the input felds and then continue to the next question vasenpt dosercie de Type here to search
