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Prepare the general journal entry

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Question - Alpha company signed a $100,000 mortgage on July 1, 2016 for the purchase of their new garage building. The mortgage entailed equal monthly payments of $2,500 at the end of each month. The interest rate is 0.5% per month. Use this information to prepare the General Journal entry (without explanation) for the August 31, 2016 monthly mortgage payment. If no entry is required then write "No Entry Required." (Round your answer to the nearest whole dollar.)

Reference no: EM131622024

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