On June 1,2011,Par for the Course,Inc.purchased building and land for $1,000,000 by signing a an $800,000,10-year,12% mortgage and paying the remainder in cash.Payments are to be made at the beginning of each month.Fill in the correct dollar amount AND in the appropriate box to indicate the financial statement where the amount will be found.

Question

On June 1,2011,Par for the Course,Inc.purchased building and land for $1,000,000 by signing a an $800,000,10-year,12% mortgage and paying the remainder in cash.Payments are to be made at the beginning of each month.Fill in the correct dollar amount AND in the appropriate box to indicate the financial statement where the amount will be found.
On June 1,2011,Par for the Course,Inc.purchased building and land for $1,000,000 by signing a an $800,000,10-year,12% mortgage and paying the remainder in cash.Payments are to be made at the beginning of each month.Fill in the correct dollar amount AND in the appropriate box to indicate the financial statement where the amount will be found.

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The Answer of On June 1,2011,Par for the Course,Inc.purchased building and land for $1,000,000 by signing a an $800,000,10-year,12% mortgage and paying the remainder in cash.Payments are to be made at the beginning of each month.Fill in the correct dollar amount AND in the appropriate box to indicate the financial statement where the amount will be found.