Question: Oriole Electronics issues a $600,000, 10-year, 11% mortgage note payable on December 31, 2021, to help finance a plant expansion. The terms of the

Oriole Electronics issues a $600,000, 10-year, 11% mortgage note payable on December 31, 2021, to help finance a plant expansion. The terms of the note provide for semi-annual blended payments of $50,208. Payments are due on June 30 and December 31. Prepare an instalment payment schedule for the first two years: (Round answers to 0 decimal places, eg. 5,276.) Semi- annual Interest Cash Interest Period Payment Expense Dec. 31, $ $ $ 2021 June 30. 2022 Dec. 31, 2022 June 30, 2023 Dec. 31, 2023 Reduction of Principal $ I Princi Balan

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