Grantham landscaping llc has a mortgage payment of 1200, Financial Accounting

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Grantham landscaping llc has a mortgage payment of 1200

Grantham Landscaping, LLC has a mortgage payment of $1,200 monthly. The total principle of the interest payment is $200,000. The interest rate of the loan is fixed at 4.5%. Please record the journal entry for the first month’s payment of the mortgage.

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Financial Accounting: Grantham landscaping llc has a mortgage payment of 1200

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