Eva Company purchased a building with a market value of $300,000 and land with a market value of $55.000 on January 1, 2024. Eva Company paid $40,000 cash and signed a 15-year, 12% mortgage payable for the balance Requirements 1. Journalize the January 1, 2024, purchase. 2. Joumalize the first monthly payment of $3,781 on January 31, 2024. (Round to the nearest dollar.) Requirement 1. Journalize the January 1, 2024, purchase. (Record debits first, then credits. Select explanations on the last line of the journal entry) Date Accounts and Explanations Debit Credit 2024 Jan. 1