Slide Inns owes $187,000 on a 10 percent long term mortgage dated April 1, 20*1,...

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Accounting

Slide Inns owes $187,000 on a 10 percent long term mortgage dated April 1, 20*1, which requires a total monthly payment of 1,800.

Journalize the entry necessary for the May 1, 20*1, monthly payment.

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