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Stacy Button has just approached a venture capitalist for financing for her new business venture, Skidium Corporation, the development of a local ski hill. On July 1, 2018, Stacy borrowed $138,000 by signing a mortgage payable at an annual interest rate of 7%. The mortgage is repayable over 5 years in annual instalments, due each June 30. The first payment is due June 30, 2019 and the ski hill companys year-end will also be June 30.

Question 6 Stacy Button has just approached a venture capitalist for financing for her new business venture, Skidium Corporation, the development of a local ski hill. On July 1, 2018, Stacy borrowed $138,000 by signing a mortgage payable at an annual interest rate of 7%. The mortgage is repayable over 5 years in annual instalments, due each June 30. The first payment is due June 30, 2019 and the ski hill company's year-end will also be June 30. Prepare an amortization schedule for the 5 year term of the mortgage, assuming the payment is a blended principal and interest payment of $33,657. (Round answers to the nearest whole dollar, e.g. 5,275.) Reduction of Principal Interest Period 1. 2018 2019 30, 2020 30, 2021 une 30, 2022 30, 2023 Prepare all journal entries for Skidium for the first two fiscal years ended June 30, 2019, and June 30, 2020. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Round answers to the nearest whole dollar, e.g. 5,275.) My Show the statement of financial position presentation of the mortgage payable as of June 30, 2020. (Hint: Be sure to distinguish between the current and non-current portions of the mortgage.) (Round answers to the nearest whole dollar, e.g. 5,275.) SKIDIN CORPORATION statement of Financial Position (Partial)

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