Question: Oriole Electronics issues a $420,500,4%, 15-year mortgage note on December 31, 2019. The proceeds from the note are to be used in financing a new
Oriole Electronics issues a $420,500,4%, 15-year mortgage note on December 31, 2019. The proceeds from the note are to be used in financing a new research laboratory. The terms of the note provide for annual installment payments, exclusive of real estate taxes and insurance, of 551.844. Payments are due on December Prepare an d payment whedule for the first year allalerest Period laterest peau Haduct of Pricipal Pri c e o g morgen ecember 31, 2019 Accounting Titles M ga Payable in intamat payment on December 31, 2020 Accounting Titles Incepe Morale 11-Dec-20 Oriole Electronics issues a $420,500,4%, 15-year mortgage note on December 31, 2019. The proceeds from the note are to be used in financing a new research laboratory. The terms of the note provide for annual installment payments, exclusive of real estate taxes and insurance, of 551,844. Payments are duc on December 31. parandalim i n bules for the user anual Interest Period Ca ymat December 31, 2019 Montppe Payable the journal entry of first installa t e 1.De-20 Morge Payale
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