Apex, Co., issued a ($225,000,) 9% mortgage on January 1, 2010. Payments of ($10,900) are made semiannually
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Apex, Co., issued a \($225,000,\) 9% mortgage on January 1, 2010. Payments of \($10,900\) are made semiannually on June 30 and December 31 each year. Record the journal entries for
(a) issuance of mortgage on January 1,2010, and
(b) the first semiannual payment on June 30, 2010.
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