Allstar Company signed a $150,000 mortgage on July 1, 2018

On January 1, 2018, Baltimore Company issued $150,000 face value,
May 5, 2020
On January 2, 2018, All Good Company purchased 7,000 shares
May 5, 2020

Allstar Company signed a $150,000 mortgage on July 1, 2018 for the

purchase of their new garage building. The mortgage entailed equal monthly payments of $2,700 at the end of each month. The interest rate is 8.0% per year. How much interest expense will be paid on August 31, 2018? (Round your answer to the nearest whole dollar.)

 
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