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Other Fields Homework Help Accounting Topic started by: harra on Sep 19, 2017



Title: A business making a monthly mortgage payment that included $1,200 principal and $300 interest should ...
Post by: harra on Sep 19, 2017
A business making a monthly mortgage payment that included $1,200 principal and $300 interest should be recorded as:
A)
Mortgage payable   1,200   
Interest payable   300   
        Cash      1,500

B)
Mortgage payable   1,500   
        Cash      1,500

C)
Cash   1,500   
        Mortgage payable      1,500

D)
Mortgage payable   1,200   
Interest expense   300   
        Cash      1,500


Title: Re: A business making a monthly mortgage payment that included $1,200 principal and $300 interest ...
Post by: Kryzen on Sep 19, 2017
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Title: Re: A business making a monthly mortgage payment that included $1,200 principal and $300 interest should ...
Post by: harra on Dec 31, 2017
Great answer