On December 31, 2020, Ste-Anne Corp, obtained a 10-year, 5%, $320.000 mortgage loan from a bank to finance the purchase

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On December 31 2020 Ste Anne Corp Obtained A 10 Year 5 320 000 Mortgage Loan From A Bank To Finance The Purchase 1 (46.88 KiB) Viewed 140 times

On December 31, 2020, Ste-Anne Corp, obtained a 10-year, 5%, $320.000 mortgage loan from a bank to finance the purchase of a building in the future. The terms provide for semi-annual instalment payments on June 30 and December 31. (a) Your answer has been saved. See score details after the due date Record the obtaining of the mortgage payable on December 31, 2020. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries) Date Account Titles and Explanation Dec. 31 (b) Cash Mortgage Payable Payment Date Account Titles and Explanation First June Instalment 30 Second Dec. Instalment 31 Debit or Later 320000 Record the first two instalment payments on June 30, 2021, and December 31, 2021, assuming each payment is $20.527. (Round answers to the nearest whole dollar, es 5,275. Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries) Blended principal and interest payment Credit Debit 320000 Attempts: 1 of 1 used Attempts: 0 of 1 used Credit Submit Answer