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General Journal Date Account Title and Description R e f. Debit Credit 20X4 Apr.1 Cash 175,000 .00 Mortgage Payable 175,000 .00 Obtained mortgage May 1 Mortgage Payable 528.53 Interest Expense ($175,000 × 7.5% × 1 / 12 1,093.7 5 Cash
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Unformatted text preview: 1622.28 First mortgage installment June 1 Mortgage Payable 531.83 Interest Expense (($175,000528.53) 7.5% 1 / 12 ) 1,090.4 5 Cash 1,622.2 8 Second mortgage installment...
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This note was uploaded on 12/25/2011 for the course FIN 3312 taught by Professor Staff during the Spring '08 term at Texas State.

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