Eden Company purchased a building with a market value of 5295.000 and land with a market value of 560 000 on January 1 2018. Eden Campany paid $35.000 cash and signed a 25-y 12% mortgage payable for the balance Requirements 1. Journalize the Januay 1 2018, purchase 2. Joumalize the first monthly payment of 53.370 on January 31, 2011. (Round to the nearest dolar) Requirement. Journaise the January 1, 2016. purchase acord cubitofrat the crud Selexplanations on the last few of the journal arty> Date Accounts and Explanations Debit Credit 2018 Jan 1 Date Requirement 2. Journalize the first monthly payment of $3,370 on January 31, 2018. Round to the nearest Gollar) (Record debits fast, un credits Select explanations on the last ine of the Journal entry) Accounts and Explanations Debit Credit 2018 Jan 31