Question: how do I get the interest expense, mortgage payable for this one 2018 Mar . 1 Borrowed $6GO,and from Naples Bank . The 12- year
how do I get the interest expense, mortgage payable for this one


2018 Mar . 1 Borrowed $6GO,and from Naples Bank . The 12- year , 7% note requires payments due annually , on March 1 . Each payment consists of $55,000 principal plus one year's interest Dec. 1 Mortgaged the warehouse for $5.50, 000 cash with Saban Bank . The mortgage requires monthly payments of $3.000 . The interest rate on the note is 5% and accrues monthly . The first payment is due on January 1 , 2019. 31 Recorded interest accrued on the Saban Bank note . 31 Recorded interest accrued on the Naples Bank note* 2019 Jan . 1 Paid Saban Bank monthly mortgage payment Feb . 1 Paid Saban Bank monthly mortgage payment Mar . 1 Paid Saban Bank monthly mortgage payment 1 Paid first installment on note due to Naples BankMar . 1 , 2019 : Paid Saban Bank monthly mortgage payment Date ACCOUNTS Debit Credit 2019 Mar . 1 Interest Expense Mortgage Payable Cash 3.000
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