Of 4 On January 1, 2021, Gundy Enterprises purchases an office building for $195,000,
paying $45,000 down and borrowing the remaining $150,000, signing a 8%, 10-
year mortgage. Installment payments of $1,819.91 are due at the end of each month,
with the first payment due on January 31, 2021.
pok
2. Complete the first three rows of an amortization schedule. (Do not round intermediate
calculations. Round your final answers to 2 decimal places.)
int
ences
Decrease in
Date
Cash Paid
Interest
Expense
Carrying Value Carrying Value
1/1/2021
$ 150,000.00
1/31/2021
1,819.91

4040
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