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Business, 25.11.2021 07:20 mlyons574

Of 4 On January 1, 2021, Gundy Enterprises purchases an office building for $195,000,

paying $45,000 down and borrowing the remaining $150,000, signing a 8%, 10-

year mortgage. Installment payments of $1,819.91 are due at the end of each month,

with the first payment due on January 31, 2021.

pok

2. Complete the first three rows of an amortization schedule. (Do not round intermediate

calculations. Round your final answers to 2 decimal places.)

int

ences

Decrease in

Date

Cash Paid

Interest

Expense

Carrying Value Carrying Value

1/1/2021

$ 150,000.00

1/31/2021

1,819.91



4040

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Of 4 On January 1, 2021, Gundy Enterprises purchases an office building for $195,000,

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