Maurice Tutor

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About Maurice Tutor

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Teaching Since: May 2017
Last Sign in: 398 Weeks Ago, 5 Days Ago
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  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Management Posted 04 May 2018 My Price 3.00

Detwiler Orchard

Detwiler Orchard issues a $730,000, 7%, 15-year mortgage note to obtain needed fianncing for a new lab. The terms call for annual payments of $80,150 each. Prepare the entires to record the mortgage loan and the first installment payment.

 

Account Titles and Explanation Debit Credit
Cash 730,000  
Mortgage Payable   730,000
Interest Expense    
Mortgage Payable    
Cash   80,150

Answers

Maurice Tutor
(5)
Status NEW Posted 04 May 2018 07:05 PM My Price 3.00

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