On January 1, 2018, Gundy Enterprises purchases an office for $294.000, paying $54.000 down and borrowing the remaining $240,000, signing a 7%, 10-year mortgage Installment payments of $2.786,60 are due at the end of each month, with the first payment clue on January 31, 2018 4. value: 6.00 points Required information Required: 1. Record the purchase of the building on January 1, 2018. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet Record the purchase of the building. Note: Enter debits before credits. General Journal Debit Credit Date January 01, 2018 Record entry Clear entry View general journal 5. value 4.00 points 4.00 points 2. Complete the first three rows of an amortization schedule. (Do not round intermediate calculations. Round your final answers to 2 decimal places.) Date Cash Paid Interest Expense Decrease in Carrying Value Carrying Value 01/01/18 01/31/18 02/28/18 6. value: 3.00 points Required information Required: 3-a. Record the first monthly mortgage payment on January 31, 2018. (If no entry is required for a transaction event, select "No journal entry required in the first occount field. Do not round intermediate calculations. Round your final answers to 2 decimal places.) View transaction list Journal entry worksheet Record the first monthly mortgage payment. Note: Enter debits before credits. Date General Journal Debit Credit January 31, 2018 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 $ 1.400.00