“Glen Pool Club, Inc., has a $150,000 mortgage liability. The mortgage is payable in monthly installments of $1,543, which include intrest computed…

“Glen Pool Club, Inc., has a $150,000 mortgage liability. The mortgage is payable in monthly installments of $1,543, which include intrest computed at an annual rate of 12 percent(1 percent monthly). A. Prepare a partial amortization table showing 1 the original balance of this loan, and 2 the allocation of the first two monthly payments between interest expense and the reduction in the mortgages unpaid balance. (Round to the nearest dollar).

"Glen Pool Club, Inc., has a $150,000 mortgage liability. The mortgage is payable in monthly installments of $1,543, which include intrest computed at an annual rate of 12percent(1 percent…

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