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

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 an office for $195,000, paying $45,000 down and borrowing the remaining $150,000, signing a 8%, 10-year mortgage Installment payments of $1,819.91 are due at the end of each 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, 2024 3-6. How much of the first payment goes to interest expense and how much goes to reducing the carrying value of the loan? Complete this question by entering your answers in the tabs below. Reqja Reg 36 Record the first monthly mortgage payment on January 31, 2024. (If no entry is required for a particular transaction/event, select "No Journal Entry Required in the first account neld. Do not round intermediate calculations, Round your final answers to 2 decimal places.) Complete this question by entering your answers in the tabs below. Reg 3a Reg 36 How much of the first payment goes to interest expense and how much goes to reducing the carrying value of the loan? (Round your answers to 2 decimal places. Do not round intermediate calculations.) Interest Expense Reduction in Carrying Value First payment
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