Yellow Pudding Dog Inc. [YPD] signed a 8-year, 6%, $310,000…
Yellow Pudding Dog Inc. signed a 8-year, 6%, $310,000 mortgage payable on November 30, 2024, with BC Bank to obtain financing for a new building. The terms provide for instalment payments of $6,550 (principal and interest) at the end of each month, starting December 31, 2024. An Instalment Payment Schedule is CORRECTLY prepared below: Date Cash Principal Balance November 30, 2024 310,000 December 31, 2024 6,550 1,550 5,000 305,000 January 31, 2025 6,550 1,525 5,025 299,975 Instructions: Prepare Journal Entries for November 30 and December 31. Then for the transactions identified below on the left, match the appropriate Debit account / Credit account from the dropdown menus (found on the right). Each account may be used once, more than once, or not at all.