Journal entry to record the second semi annual payment

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Reference no: EM13970791

On January 1, Bestway, Inc. signed a $175,000, *%, 30-year mortgage that requires semiannual payments of $7,735 on June 30 and December 31 of each year. What is the journal entry to record the second semi annual payment (round interest calculation to the nearest dollar)?

Reference no: EM13970791

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