Crane Inc. signed a 10-year, 4%, $930,000 mortgage payable on November 30, 2023, with a bank...

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Crane Inc. signed a 10-year, 4%, $930,000 mortgage payable on November 30, 2023, with a bank to obtain financing for a new building. The terms provide for instalment payments of $9.416 (principal and interest) at the end of each month. Prepare the entries to record the mortgage obtained on November 30, 2023, and the first two payments on December 31, 2023, and January 31, 2024. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries. Record journal entries in the order presented in the question statement. If no entry is required, select "No Entry for the account titles and enter 0 for the amounts. Round answers to O decimal places, eg. 5,275) Account Titles Date 2023 2024 Debit Credit Crane Inc. signed a 10-year, 4%, $930,000 mortgage payable on November 30, 2023, with a bank to obtain financing for a new building. The terms provide for instalment payments of $9.416 (principal and interest) at the end of each month. Prepare the entries to record the mortgage obtained on November 30, 2023, and the first two payments on December 31, 2023, and January 31, 2024. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries. Record journal entries in the order presented in the question statement. If no entry is required, select "No Entry for the account titles and enter 0 for the amounts. Round answers to O decimal places, eg. 5,275) Account Titles Date 2023 2024 Debit Credit

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November 30 2023 Date November 30 2023 Account Titles Building or Property or Mortgage Rec... View the full answer