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

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Required information
Problem 9-1B (Algo) Record and analyze installment notes (LO9-2)
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On January 1,2024, Stoops Entertainment purchases a building for $500,000, paying $100,000 down and borrowing the remaining $400,000, signing a(n)7%,15-year mortgage. Installment payments of $3,595.31 are due at the end of each month, with the first payment due on January 31,2024.
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Problem 9-1B (Algo) Part 2
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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,\table[[Interest],[Expense]],\table[[Decrease in],[Carrying],[Value]],Carrying Value],[11?2024,,,,],[131?2024,,,,],[229?2024,,,,]]
 ! Required information Problem 9-1B (Algo) Record and analyze installment notes

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