Question: Required information Problem 9-1A (Algo) Record and analyze installment notes (LO9-2) [The following information applies to the questions displayed below]] On January 1, 2024, Birmingham
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Required information Problem 9-1A (Algo) Record and analyze installment notes (LO9-2) [The following information applies to the questions displayed below]] On January 1, 2024, Birmingham Enterprises purchases a building for $272,000, paying $52,000 down and borrowing the remaining $220.000, signing a 9%,10-year mortgage. Instaliment payments of $2.786.87 are due at the end of each month, with the first payment due on January 31,2024. Problem 9-1A (Algo) 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.) I the first monthly mortgage payment on January 31, 2024. (tif no entry is require hal Entry flequired in the first account field, Do not round intermediate caiculations lournal entry worksheet Record the first monthly mortgage payment. Note: Enter debits before credins. month, with the first payment due on January 31, 2024. Problem 9-1A (Algo) Part 3 3-a. Record the first monthly mortgage payment on January 31,2 3-b. How much of the first payment goes to interest expense ane Complete this question by entering your answers in the tat How much of the first payment goes to interest expense and how m (Round your answers to 2 decimal places, Do not round intermediat Problem 9-1A (Algo) Record and analyze [The following information applies to the questic On January 1, 2024, Birmingham Enterprises pur remaining $220,000, signing a 9%, 10-year mort month, with the first payment due on January 31 , Problem 9-1A (Algo) Part 4 4. Total payments over the 10 years are $334,424($2,7 much is actual payment of the loan? (Round your final
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