Ling Company issued a $280,000, 4 percent mortgage on January 1, 2016, to purchase a building. Payments
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Ling Company issued a $280,000, 4 percent mortgage on January 1, 2016, to purchase a building. Payments of $8,055 are made semiannually. Complete the following amortization schedule (partial) for Ling Company. Round to the nearest dollar.
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Payment Interest Principal| Loan Balance $280,000 Date Jan 1, 2016 Jun 30, 2016 Dec 31, 2016 Jun 30, 2017 Dec 31, 2017 $8.055
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