Question
what is the journal entry? Jan 31 The monthly payment for January of the mortgage payable was made Mortgage Payable The following amortization schedule can
what is the journal entry?
Jan 31 The monthly payment for January of the mortgage payable was made
Mortgage Payable
The following amortization schedule can be used for the January, 2023 mortgage payment on the 8.0%, 30- year mortgage.
| Month | Payment | Interest | Principal | Balance |
| January | $3,000 | $2,563 | $437 | $350,000 $349,563 |
| February | $3,000 | $2,553 | $447 | $349,116 |
| March | $3,000 | $2,543 | $457 | $348,659 |
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The journal entry for the monthly payment for January of the mortgage payable ...
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College Accounting
Authors: Tracie Nobles, Cathy Scott, Douglas McQuaig, Patricia Bille
11th edition
978-1111528300, 1111528128, 1111528306, 978-1111528126
