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Required information {The following information applies to the questions displayed below) On January 1, 2021. Gundy Enterprises purchases an office building for $151000, paying $41000
Required information {The following information applies to the questions displayed below) On January 1, 2021. Gundy Enterprises purchases an office building for $151000, paying $41000 down and borrowing the remaining $110.000, signing a 7%, 10-year mortgage Installment payments of $1.27719 are due or the end of each month, with the first payment due on January 31, 2021 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 Decrease in Carrying Value Currying Value 1/1/2021 1312021 2/28/2021 1.277.19 1.277.19 733.33 729.70 543 88 547.49 $ 110,000.00 109,458.14 100,908.65
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