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Required information Problem 9-1B (Algo) Record and analyze installment notes (L09-2) [The following information applies to the questions displayed below.] On January 1, 2024,
Required information Problem 9-1B (Algo) Record and analyze installment notes (L09-2) [The following information applies to the questions displayed below.] On January 1, 2024, Stoops Entertainment purchases a building for $480,000, paying $100,000 down and borrowing the remaining $380,000, signing a(n) 7%, 20-year mortgage. Installment payments of $2,946.14 are due at the end of each month, with the first payment due on January 31, 2024. Problem 9-1B (Algo) Part 2 2. Complete the first three rows of an amortization schedule. (Do not round intermediate calculations. Round your final answers to 2 decimal places.) Date Cash Paid Interest Expense 1/1/2024 1/31/2024 2/29/2024 Decrease in Carrying Value Carrying Value
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