Question: ! Required information Problem 9-1A Record and analyze installment notes (LO9-2) [The following information applies to the questions displayed below. On January 1, 2021, Gundy

 ! Required information Problem 9-1A Record and analyze installment notes (LO9-2)

! Required information Problem 9-1A Record and analyze installment notes (LO9-2) [The following information applies to the questions displayed below. On January 1, 2021, Gundy Enterprises purchases an office building for $206,000, paying $46,000 down and borrowing the remaining $160,000, signing a 9%, 10-year mortgage. Installment payments of $2,026.81 are due at the end of each month, with the first payment due on January 31, 2021. Problem 9-1A 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.) Decrease in Date Cash Paid Interest Expense Carrying Value Carrying Value 1/1/2021 $ 160,000.00 1/31/2021 2,026.81 2/28/2021 2,026.81

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