Question: Stacy Button has just approached a venture capitalist for financing for her new business venture, Skidium Corporation, the development of a local ski hill. On

Stacy Button has just approached a venture capitalist for financing for her new business venture, Skidium Corporation, the development of a local ski hill. On July 1, 2018, Stacy borrowed $90,000 by signing a mortgage payable at an annual interest rate of 6%. The mortgage is repayable over 5 years in annual instalments, due each June 30. The first payment is due June 30, 2019 and the ski hill company's year-end will also be June 30. (a) Your answer has been saved. See score details after the due date. Prepare an amortization schedule for the 5 year term of the mortgage, assuming the payment is a blended principal and interest payment of $21,366. (Round answers to the nearest whole doll e.g. 5,275.) Cash ayment Interest Expense Reduction of Principal Principal Balance $ 90000 Prepare all journal entries for Skidium for the first two fiscal years ended June 30, 2019, and June 30, 2020. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Round answers to the nearest whole dollar, e.g. 5,275.) Debit Cr Date Account Titles and Explanation July 1, 2018 June 30, 2019 June 30. 2020 List of Accounts
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