Question: Required information Problem 9-1A Record and analyze installment notes (L09-2) The following information appiles to the questions displayed below) on January 1, 2021, Gundy Enterprises
Required information Problem 9-1A Record and analyze installment notes (L09-2) The following information appiles to the questions displayed below) on January 1, 2021, Gundy Enterprises purchases an office building for $294,000, paying $54.000 down and borrowing the remaining $240,000, signing a 7%, 10-year mortgage Installment payments of $2,786.60 are due at the end of each month, with the first payment due on January 31, 2021 Problem 9-1A Part 2 1 2. Complete the first three rows of an amortization schedule. (Do not round Intermediate calculations. Round your final answers to 2 decimal places.) Date Cash Paid Interest Expense Decrease in Carrying Value Carrying Value 1/1/2021
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