On january 1 bestway inc signed a 175000 30-year mortgage, Ask an Expert

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On January 1, Bestway, Inc. signed a $175,000, *%, 30-year mortgage that requires semiannual payments of $7,735 on June 30 and December 31 of each year. What is the journal entry to record the second semi annual payment (round interest calculation to the nearest dollar)?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M91645731

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