Tran Company issued a $300,000, 7 percent mortgage on January 1, 2018, to purchase a...
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Tran Company issued a $300,000, 7 percent mortgage on January 1, 2018, to purchase a building. Payments of $12,377 are made semiannually. Complete the following amortization schedule (partial) for Tran Company. Round to the nearest dollar. (Do not round intermediary calculations. Only round the amount you input in the cell to the nearest whole dollar.) Date Payment Interest | Principal Loan Balance Jan 1, 2018 300,000 Jun 30, 2018 $ 12,377 Dec 31, 2018 Jun 30, 2019 Dec 31, 2019
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