Question: Required information Problem 9-18 Record and analyze installment notes (L09-2) [The following information applies to the questions displayed below) On January 1, 2021, Stoops Entertainment


Required information Problem 9-18 Record and analyze installment notes (L09-2) [The following information applies to the questions displayed below) On January 1, 2021, Stoops Entertainment purchases a building for $560,000, paying $100.000 down and borrowing the remaining $460.000, signing a 7%, 10 year mortgage Installment payments of $5,340.99 are due at the end of each month with the first payment due on January 31, 2021 Problem 9-13 Part 3 3-6. Record the first monthly mortgage payment on January 31, 2021 (If no entry is required for a particular transaction/event, select "No Journal Emry Required in the first account field. Do not round intermediate calculations, Round your final answers to 2 decimal places) View action Journal entry worksheet Required information Journal entry worksheet
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