Required information Problem 9-1A (Algo) Record and analyze installment notes (LO9-2) [The following information applies to the questions displayed below.] On January 1, 2024, Bloomfield Enterprises purchases a building for $140,000, paying $40,000 down and borrowing the remaining $100,000, signing a 9%, 10-year mortgage. Installment payments of $1,266.76 are due at the end of each month, with the first payment due on January 31, 2024. Problem 9-1A (Algo) Part 2 2. Complete the first three rows of an amortization schedule. (Do not round intermediate calculations. Round your final answers to 2 decimal places.) Date Cash Paid Interest Expense Change in Carrying Value Carrying Value 1/1/2024 1/31/2024 2/29/2024 $ 1,266.76

Required information Problem 9-1A (Algo) Record and analyze installment notes (LO9-2) [The following information applies to the questions displayed below.] On January 1, 2024, Bloomfield Enterprises purchases a building for $140,000, paying $40,000 down and borrowing the remaining $100,000, signing a 9%, 10-year mortgage. Installment payments of $1,266.76 are due at the end of each month, with the first payment due on January 31, 2024. Problem 9-1A (Algo) Part 2 2. Complete the first three rows of an amortization schedule. (Do not round intermediate calculations. Round your final answers to 2 decimal places.) Date Cash Paid Interest Expense Change in Carrying Value Carrying Value 1/1/2024 1/31/2024 2/29/2024 $ 1,266.76

Financial Accounting

14th Edition

ISBN:9781305088436

Author:Carl Warren, Jim Reeve, Jonathan Duchac

Publisher:Carl Warren, Jim Reeve, Jonathan Duchac

Chapter14: Long-term Liabilities: Bonds And Notes

Section: Chapter Questions

Problem 11E

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