Question: ! Required information Problem 9 - 1 A ( Static ) Record and analyze installment notes ( LO 9 - 2 ) [ The following

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Required information
Problem 9-1A (Static) Record and analyze installment notes (LO9-2)
[The following information applies to the questions displayed below.]
On January 1,2024, Gundy Enterprises purchases a building for $360,000, paying $60,000 down and borrowing the remaining $300,000, signing a 7%,10-year mortgage. Installment payments of $3,483.25 are due at the end of each month, with the first payment due on January 31,2024.
Problem 9-1A (Static) Part 2
2. Complete the first three rows of an amortization schedule. (Do not round intermediate calculations. Round your final answers to 2 decimal places.)
\table[[Date,Cash Paid,Interest Expense,Change in Carrying Value,Carrying Value],[1/1/2024,,,,,,,$,300,000.00],[1/31/2024,$,3,483.25,$,1,750.00,$,1,733.25,,298,266.75],[2/29/2024,,3,483.25,,,,,,]]
! Required information Problem 9 - 1 A ( Static )

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