Maurice Tutor

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Teaching Since: May 2017
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  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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    Phoniex University
    Oct-2001 - Nov-2016

Category > Management Posted 21 Oct 2017 My Price 4.00

Victory Corporation

Victory Corporation purchased a building by signing a $ 150,000 long-term mortgage with monthly payments of $2,000. The mortgage carries an interest rate $ 12 percent.
1. Prepare a monthly payment schedule showing the monthly payment, the interest for the month, the reduction in debt, and the unpaid balance for the first three months.
2. Prepare entries in journal form to record the purchase and the first two monthly payments.

Answers

Maurice Tutor
(5)
Status NEW Posted 21 Oct 2017 07:10 PM My Price 4.00

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