Question: Required informetion Problem 9.1A (Algo) Record and analyze installment notes (LO9-2) [The following information applies to the questions displayed beiow] On January 1, 2024. Bloomfield
Required informetion Problem 9.1A (Algo) Record and analyze installment notes (LO9-2) [The following information applies to the questions displayed beiow] On January 1, 2024. Bloomfield Enterprises purchases a bulding for $327,000, paying $57,000 down and borrowing the remaining $270,000, sigrang a Th, 10 year mortgage Instalment payments of $3,134,93 are due at the end of each menth. with the first payment due on January 31,2024 Problem 9-1A (Algo) Part 3 3-a. Record the first monthly mortgape payment on January 31, 2024. 3-b. How much of the first payment goes to interest expense and how much goes to reducing the catrying valie of the loan? Complete this question by natering veur answers in the tabs below. How much of the first parment goes to interest expense and how inuch gees to reduding the carrying value of thit loan? (Rownd your anseers to 2 ceomat ptaces, go not round intermediate caculations.)
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