Supplemental Questions 1. What will be the balance in the Mortgage Payable Account at Jan. 31, 2018 after the second monthly payment is made? Foley Mountain Company Accounts Cash Accounts Receivable Allowance for doubtful account Short term Note receivable Supplies Inventory Equipment Building Accumulated Depreciation Copyright Accounts Payable Dividends Payable Interest Payable Unearned Revenue ST Note Payable LT Mortgage Payable Bonds Payable Premium on Bonds Payable Common Stock- $1.75 par Paid in Capital in Excess of Par-CS Preferred Stock-$5 par Paid in Capital in Excess of Par-PS Treasury Stock Retained earnings Dividends Sales Revenue Sales returns & allowances Sales discounts Cost of sales Bad Debt expense Depreciation expense Wages expense Rent expense Insurance expense Supplies expense Interest Revenue Interest expense Gain on sale of equipment Income tax expense Totals Trial Balance Debit Credit 113,650.00 127,000.00 1,000.00 50,000.00 65,000.00 62,000.00 75,000.00 300,000.00 32,000.00 106,000.00 12,000.00 303,000.00 13,100.00 10,000.00 45,000.00 298,200.00 125,000.00 15,687.20 176,750.00 90,250.00 1,000.00 50,000.00 550.00 3,500.00 305,000.00 492,160.00 10,000.00 3,000.00 46,000.00 30,000.00 26,000.00 160,000.00 98,000.00 25,000.00 16,000.00 1,000.00 20,447.20 15,000.00 46,000.00 1,684,647.20 1,684,647.20 Supplemental Questions 1. What will be the balance in the Mortgage Payable Account at Jan. 31, 2018 after the second monthly payment is made? Foley Mountain Company Accounts Cash Accounts Receivable Allowance for doubtful account Short term Note receivable Supplies Inventory Equipment Building Accumulated Depreciation Copyright Accounts Payable Dividends Payable Interest Payable Unearned Revenue ST Note Payable LT Mortgage Payable Bonds Payable Premium on Bonds Payable Common Stock- $1.75 par Paid in Capital in Excess of Par-CS Preferred Stock-$5 par Paid in Capital in Excess of Par-PS Treasury Stock Retained earnings Dividends Sales Revenue Sales returns & allowances Sales discounts Cost of sales Bad Debt expense Depreciation expense Wages expense Rent expense Insurance expense Supplies expense Interest Revenue Interest expense Gain on sale of equipment Income tax expense Totals Trial Balance Debit Credit 113,650.00 127,000.00 1,000.00 50,000.00 65,000.00 62,000.00 75,000.00 300,000.00 32,000.00 106,000.00 12,000.00 303,000.00 13,100.00 10,000.00 45,000.00 298,200.00 125,000.00 15,687.20 176,750.00 90,250.00 1,000.00 50,000.00 550.00 3,500.00 305,000.00 492,160.00 10,000.00 3,000.00 46,000.00 30,000.00 26,000.00 160,000.00 98,000.00 25,000.00 16,000.00 1,000.00 20,447.20 15,000.00 46,000.00 1,684,647.20 1,684,647.20