8. The Mortgage Payable amount of $593,780 is related to the building. The original balance was $600,000 with a monthly payment of $5,063 due on the 15th of each month. The first payment was made on October 15. The interest rate ociated with the mortgage is 6%. The last payment made was December 15, 2009 and interest for the second half of December has not been recorded.
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