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Question 4

Question 4

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question 4 Mekar Sdn. Bhd. has a mortgage payable of RM250,000 and is required to make monthly payments of RM2,550 per month (including interest at the rate of 12% per annum). Required : a) Prepare (CLO 3, C3) the mortgage amortization schedule for the first four months. The principal borrowed of the loan shall be included and the four monthly payments shall be segregated into interest expense and outstanding balance (round off to the nearest ringgit). Sediakan jadual pelunasan yang menunjukkan baki asal pinjaman tersebut dan pengagihan empat bayaran bulanan pertama di antara belanja faedah dan pengurangan baki belum bayar (Bundarkan kepada ringgit terdekat) b) Prepare (CLO 1, C3) journal entries to record the payment of the second and the fourtn month. Sediakan catatan jurnal untuk merekod bayaran bulanan kedua dan keempat.
Transcribed Image Text:Question 4 Mekar Sdn. Bhd. has a mortgage payable of RM250,000 and is required to make monthly payments of RM2,550 per month (including interest at the rate of 12% per annum). Required : a) Prepare (CLO 3, C3) the mortgage amortization schedule for the first four months. The principal borrowed of the loan shall be included and the four monthly payments shall be segregated into interest expense and outstanding balance (round off to the nearest ringgit). Sediakan jadual pelunasan yang menunjukkan baki asal pinjaman tersebut dan pengagihan empat bayaran bulanan pertama di antara belanja faedah dan pengurangan baki belum bayar (Bundarkan kepada ringgit terdekat) b) Prepare (CLO 1, C3) journal entries to record the payment of the second and the fourtn month. Sediakan catatan jurnal untuk merekod bayaran bulanan kedua dan keempat.
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