Question: please make answer neat & clearly typed answer is better Bob's Builders Inc. enters into a 10-year, 6%, $200,000 mortgage to finance the construction of

please make answer neat & clearly typed answer is better

please make answer neat & clearly typed answer is

Bob's Builders Inc. enters into a 10-year, 6%, $200,000 mortgage to finance the construction of a condo complex on August 31, 2020. Monthly instalment payments are to be made at the end of each month, beginning September 30, 2020. Instructions 1) Journalize the mortgage payable issuance on August 31, 2020. 2) Provide journal entries for the first two instalment payments on September 30, 2020 and October 30, 2020, assuming that the payment is a blended principal and interest payment of $2,220. 3) Provide journal entries for the first two instalment payments on September 30, 2020 and October 30, 2020, assuming that the payment is a fixed principal payment of $1,667

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