What amount will be recorded to mortgage payable

Reference no: EM13666882

Land and a building were purchased by a restaurant for $225,000. The down payment was $75,000 and the balance was financed by a mortgage. What amount will be recorded to Mortgage payable?

Reference no: EM13666882

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What amount will be recorded to mortgage payable : Land and a building were purchased by a restaurant for $225,000. The down payment was $75,000 and the balance was financed by a mortgage. What amount will be recorded to Mortgage payable?

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