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On January 1, 2015, Gundy Enterprises purchases an office for $228,000, paying $48,000 down and borrowing the remaining $180,000, signing a 8%, 10-year mortgage. Installment

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On January 1, 2015, Gundy Enterprises purchases an office for $228,000, paying $48,000 down and borrowing the remaining $180,000, signing a 8%, 10-year mortgage. Installment payments of $2,183.90 are due at the end of each month, with the first payment due on January 31, 2015 value: 0.71 points Required 1. Record the purchase of the building on January 1, 2015. (If no entry is required for a 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.) View transaction list Journal entry worksheet Record the purchase of the building. Note: Enter debits before credits. Date General Journal Debit Credit January 01, 2015

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