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Title: On January 1, Greene Autos signed a $210,000, 6%, 30-year mortgage that requires semiannual payments ... Post by: tivo on Feb 21, 2017 On January 1, Greene Autos signed a $210,000, 6%, 30-year mortgage that requires semiannual payments of $7,585 on June 30 and December 31 of each year. The journal entry to record the second semiannual payment would be (round interest calculation to the nearest dollar) to:
A) debit Interest Expense, $6,261; debit Mortgage Payable, $1,324; credit Cash, $7,585. B) debit Mortgage Payable, $7,585; credit Cash, $7,585. C) debit Interest Expense, $6,261; debit Mortgage expense, $1,324; credit Cash, $7,585. D) debit Interest Expense, $1,324; debit Mortgage Payable, $6,261; credit Cash, $7,585. Title: Re: On January 1, Greene Autos signed a $210,000, 6%, 30-year mortgage that requires semiannual ... Post by: antonio_john on Feb 21, 2017 Content hidden
Title: Re: On January 1, Greene Autos signed a $210,000, 6%, 30-year mortgage that requires semiannual payments ... Post by: tivo on Apr 10, 2017 Thank you for helping me with my accounting homework, will ask again
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