Question: E9-5B. Accounting for mortgages (Learning Objective 5) 1015min. Orbit Corp. issued a $410,000,9 percent mortgage on January 1,2024 , to purchase warehouses. Requirements 1. Complete

E9-5B. Accounting for mortgages (Learning Objective 5) 1015min. Orbit Corp. issued

E9-5B. Accounting for mortgages (Learning Objective 5) 1015min. Orbit Corp. issued a $410,000,9 percent mortgage on January 1,2024 , to purchase warehouses. Requirements 1. Complete the amortization schedule for Orbit Corp., assuming payments are made semiannually. Round amounts to the nearest dollar. 2. Record the journal entries for (a) issuance of the mortgage on January 1,2024 , and (b) the first semi-annual payment on June 30, 2024

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