Question: Saturn Corp issued a 430 000 7 mortgage on January 1

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.
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  • CreatedApril 29, 2014
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