Business eu School Problem 2 (15 points) on October 2017. Seldon Company incurs a 30-year $2.400.000 mortgage liability in conjunction with the purchase of a hotel. This mortange is pavable in qual monthly installments of $24.687 which include interest computed at an annual rate of 12%. The first monthly payment is made on 30 November 2017. This mortgage is fully amortizing over 360 months. a. Complete the amortization table for the first four payments by entering the correct dollar amounts in the blank spaces provided. (Round to the nearest dollar) (10 points) Interest Period Payment Date Monthly Payment Interest Expense Reduction in Unpaid Balance | Unpaid Balance Issue date 2 b. Record the first payment in the general journal. (5 points) Date Account Titles and Explanation Debit Credit Business eu School Problem 2 (15 points) on October 2017. Seldon Company incurs a 30-year $2.400.000 mortgage liability in conjunction with the purchase of a hotel. This mortange is pavable in qual monthly installments of $24.687 which include interest computed at an annual rate of 12%. The first monthly payment is made on 30 November 2017. This mortgage is fully amortizing over 360 months. a. Complete the amortization table for the first four payments by entering the correct dollar amounts in the blank spaces provided. (Round to the nearest dollar) (10 points) Interest Period Payment Date Monthly Payment Interest Expense Reduction in Unpaid Balance | Unpaid Balance Issue date 2 b. Record the first payment in the general journal. (5 points) Date Account Titles and Explanation Debit Credit