Question

Saturn, Corp., issued a $430,000, 7%, mortgage on January 1, 2012, to purchase warehouses.


Requirements
1. Complete the amortization schedule for Saturn, Corp., assuming payments are made semiannually. Round amounts to the nearest dollar.
2. Record the journal entries for (a) issuance of mortgage on January 1 , 2012, and (b) the first semiannual payment on June 30,2012.


$1.99
Sales0
Views117
Comments0
  • CreatedApril 29, 2014
  • Files Included
Post your question
5000