HW Ch 09 End of Chap Sved Help Save & Exit Sub 3 Check my wom On January 1, 2021, Gundy Enterprises purchases an office building for $151000, paying $41.000 down and borrowing the remaining $110,000, signing a 7%, 10-year mortgage Installment payments of $127719 are due at the end of each month, with the first payment due on January 31, 2021. Part 3 of 4 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.) 05 points View transaction list ook Journal entry worksheet mence 1 Record the first monthly mortgage payment. Note: Enter debits before credite Debit Credit Date General Journal January 31, 2021 interest Expenso Notes Payable Cash 1.277.19 UP 249 II Check my work Required information January 31, 2021 pinterest Expense Notes Payable Cash 1.277.19 Record entry Clear entry View general Journal 3-b. How much of the first payment goes to interest expense and how much goes to reducing the carrying value of the loan? (Round your answers to 2 decimal places.) Interest Expense Reducing the Carrying Value First payment