k Company purchased a building and land with a fair market value of 425,000(building, 275,00 and...
k Company purchased a building and land with a fair market value of 425,000(building, 275,00 and land 150,000, ) on January 1, 2016. signed a -year, 9% mortgage payable. will make monthly payments of 3,419.65 .
Requirements 2. Prepare an amortization schedule for the first two payments.
3. Journalize the first payment on January 31, 2016(round to two decimal places).
4. Journalize the second payment on February 29, 2016 (round to two decimal places).
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k Company purchased a building and land with a fair market value
of 425,000(building, 275,00 and...
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Kahl Company purchased a building and land with a fair market value of $650,000 (building, $475,000 and land, $175,000) on January 1, 2018. Kahl signed a 20-year, 8% mortgage payable. Kahl will make monthly payments of $5,436.86 Round to two decimal places. Explanations are not required for journal entries. Read the requirements. Requirement 1. Journalize the mortgage payable issuance on January 1, 2018. (Record debits first, then credits. Exclude explanations from any journal entries.) Date Accounts Debit Credit 2018 A...
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Please answer all parts!
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