You have been asked to prepare the financial statements for Computer Solutions for the year ended December 31, 2021. The following additional facts are collected for use in making adjusting entries prior to preparing financial statements at year end (Round all calculations to the nearest dollar):

a. Interest expense on the mortgage is only for two months. Mortgage was taken out on October 1, 2021.

Need adjusting entry for (a)

E Mortgage 1 Annual interest rate 3% 2 Years 30 3 payments per year 12 4 amount 473000 5 6 payment $1,994.19 7 2021 8 Month Monthly Payment Interest 9 oct N/A N/A 10 nov $1,994.19 $1,182.50 11 dec $1,994.19 $1,180.47 $1,994.19 $1,178.44 13 feb $1,994.19 $1,176.40 14 mar $1,994.19 $1,174.35 principal balance N/A $473,000.00 $811.69 $472,188.31 $813.72 $471,374.60 $815.75 $470,558.85 $817.79 $469,741.06 $819.83 $468,921.22 12 jan