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6) On June 4rd Chandler & Monica Grocery Store collected sales of $5,000 and sales taxes of $200. What is the journal entry that Chandler

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6) On June 4rd Chandler & Monica Grocery Store collected sales of $5,000 and sales taxes of $200. What is the journal entry that Chandler & Monica Grocery Store needs to record for this activity? (You may or may not need all rows of this textbox) 7) Gunther Company purchased a building on January 1st by signing a long-term $4,500,000 mortgage with monthly payments of $50,125. The mortgage carries an interest rate of 8%. a. Write the journal entry to record the purchase of the building by signing the long-term mortgage. (You may or may not need all rows of this textbox) b. Write the journal entry to record the first monthly payment (Jan. 31st) by Gunther. (You may or may not need all rows of this textbox) C. What is the balance in the Mortgage Payable account, after this first monthly payment is recorded? d. Write the journal entry to record the second monthly payment (Feb. 28th) by Gunther (You may or may not need all rows of this textbox) e. What is the balance in the Mortgage Payable account, after this second monthly payment is recorded

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