This topic contains a solution. Click here to go to the answer

Author Question: On January 1, Cheshire Co. signed a $220,000, 7%, 30-year mortgage that requires semiannual payments ... (Read 320 times)

DelorasTo

  • Hero Member
  • *****
  • Posts: 548
On January 1, Cheshire Co. signed a $220,000, 7%, 30-year mortgage that requires semiannual payments of $8,819 on June 30 and December 31 of each year. The journal entry to record the second semiannual payment would be: (Round your final answer to the nearest dollar.)
◦ debit Interest Expense, $7,661; debit Mortgage Payable, $1,158; credit Cash, $8,819.
◦ debit Interest Expense, $7,661; debit Mortgage expense, $1,158; credit Cash, $8,819.
◦ debit Mortgage Payable, $8,819; credit Cash, $8,819.
◦ debit Interest Expense, $1,158; debit Mortgage Payable,$7,661; credit Cash, $8,819.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by DelorasTo on Feb 18, 2020

akpaschal

  • Sr. Member
  • ****
  • Posts: 342
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 59% of students answer this correctly




 

Did you know?

Asthma is the most common chronic childhood disease in the world. Most children who develop asthma have symptoms before they are 5 years old.

Did you know?

Excessive alcohol use costs the country approximately $235 billion every year.

Did you know?

Certain topical medications such as clotrimazole and betamethasone are not approved for use in children younger than 12 years of age. They must be used very cautiously, as directed by a doctor, to treat any child. Children have a much greater response to topical steroid medications.

Did you know?

Today, nearly 8 out of 10 pregnant women living with HIV (about 1.1 million), receive antiretrovirals.

Did you know?

Human neurons are so small that they require a microscope in order to be seen. However, some neurons can be up to 3 feet long, such as those that extend from the spinal cord to the toes.

For a complete list of videos, visit our video library