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Prepare entries in journal form without explanations to

Question - Stelter Enterprises purchased a building by signing a long-term $600,000 mortgage with monthly payments of $6,600. The mortgage carries an interest rate of 12 percent. Prepare entries in journal form without explanations to record the purchase and the first and second monthly payments. Round answers to the nearest dollar.

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Accounting Basics: Prepare entries in journal form without explanations to

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