On september 1 sheehan inc signed a 55 mortgage installment, Ask an Expert

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On September 1, Sheehan Inc. signed a 5.5% mortgage (installment) note for $340,000. The monthly payment of $2,000 is due on the last day of each month. Complete the amortization table for the first three loan payments. When required, round your answers to nearest cent.

Amortization Table
Payment Date	Unpaid Balance at Beginning of Month	Monthly Payment	Interest Expense	Reduction in Principal of Debt	Unpaid Balance at End of Period
Sep. 30	$	$	$	$	$
Oct. 31
Nov. 30

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9798597

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