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solve part c please CAL RACK Problem 15-04A - (Part Level Submission) (Video) Carla Vista Electronics issues a $353,500,3%, 15-year mortgage note on December 31,

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CAL RACK Problem 15-04A - (Part Level Submission) (Video) Carla Vista Electronics issues a $353,500,3%, 15-year mortgage note on December 31, 2019. The proceeds from the note we to be used in financing a new research iboratory. The terms of the note provide for annual installment payments, exclusive of real estate and insurance of $41,411. Payments are due on December 31 SSIGNMENT RESOURCES CH 15: Homework Questions with Video Assistance (Part Level Submission) Problem 15-OIA Chart Level Submission (Video) Problem 15-02A (Part Level Submission) (Video) Problem 15-04 Part Level Submission (video) (a) Your answer is correct Prepare an installment payments schedule for the first years. (Round answers to decimal places, ag. 15,250) Annual Interest Period Cash Payment Interest Expense Reduction of Principal Principal Balance Issue Date 353500 aview Score view Results by Study bjective 1 41441 10605 30836 2 41441 9680 31761 290900 3 41441 8727 12714 258189 4 41441 7746 33615 22494 Click if you would like to show Work for this question Open Show Work SHOW LIST OF ACCOUNTS SHOW ANSWER Attempts: 2 of 3 used (b) Your answer is correct. Prepare the entries for (1) the loan and (2) the first installment payment. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Round answers to o decimal places, e.g. 15,250. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit Dec 31, 2019 Cash 353500 Mortgage Payable 353500 Dec. 31, 2020- Mortgage Payable 30836 Interest Expense 10605 41441 Cash Click if you would like to Show Work for this question: Open Show Work SHOW LIST OF ACCOUNTS SHOW ANSWER LINK TO TEXT LINK TO TEXT Version Attempts: 3 of 3 used Show how the total mortgage liability should be reported on the balance sheet at December 31, 2020. (Enter account name only and do not provide descriptive information. Round answers to o decimal places, e.g. 15,250.) Carla Vista Electronics Balance Sheet (Partial) Click if you would like to Show Work for this questioni Open Show Work VIDEO SIMILAR PROBLEM LINK TO TEXT LINK TO TEXT

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