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On January 1, Wonderland, Inc. signed a $300,000, 7%, 30-year mortgage that requires semiannual payments of $12,027 on June 3
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Answer #1
Date Accounts Debit Credit
June 30 Interest Expense (300000*7%*6/12) $10,500
Mortgage Payable $1,527
Cash $12,027

Option A. is correct answer.

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