0 Required information [The following information applies to the questions displayed below) On January 1, 2021, Gundy Enterprises purchases an office building for $294,000, paying $54,000 down and borrowing the remaining $240,000, signing a 7%, 10-year mortgage Installment payments of $2,786.60 are due at the end of each month, with the first payment due on January 31, 2021 3-a. Record the first monthly mortgage payment on January 31, 2021. (if no entry is required for a particular transaction/event, select "No Journal Entry Required in the first account field. Do not round intermediate calculations, Round your final answers to 2 decimal places.)