Question: Below is a partial amortization schedule for Gold's mortgage. Prepare the journal entry to record Gold's payment on December 15. Principal Payment Date Payment

Below is a partial amortization schedule for Gold's mortgage. Prepare the journal

Below is a partial amortization schedule for Gold's mortgage. Prepare the journal entry to record Gold's payment on December 15. Principal Payment Date Payment Interest Unpaid Balance Reduction Nov. 15 $2,633 $1,000 Dec. 15 2,633 984 $1,633 1,649 $100,000 98,367 96,718

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