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Yancey Co.receives $300,000 when it issues a $300,000, 10%, mortgage note payable to finance the construction of a building at December 31, 2022. The terms

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Yancey Co.receives $300,000 when it issues a $300,000, 10%, mortgage note payable to finance the construction of a building at December 31, 2022. The terms provide for annual installment payments of $50,000 on December 31. (a 1) Your answer is partially correct. Prepare an amortization schedule of a mortgage note for two years. Annual Interest Period Cash Payment Interest Expense Reduction of Principal Princ Balai Issue date $ $ $ $ 12/31/23 $30000 12/31/24 e Textbook and Media List of Accounts

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