on January 1, 2021 Grundy enterprises purchases in office building for $162,000 paying $42000 down and borrowing the remaining $120000, signing a 8% 10-year mortgage. installment payments of $1455.93 are due at the end of each month with the first payment due on January 31, 2021

requirea information [The following information applies to the questions displayed below.) On January 1, 2021. Gundy Enterprises purchases an office building for $162,000, paying $42.000 down and borrowing the remaining $120,000, signing a 8%, 10-year mortgage Installment payments of $1,455,93 are due at the end of each month, with the first payment due on January 31, 2021 4. Total payments over the 10 years are $174,712 ($1,455.93 x 120 monthly payments). How much of this is interest expense and how much is actual payment of the loan? Interest expense Actual payments on the loan [The following information applies to the questions displayed below) On January 1, 2021, Gundy Enterprises purchases an office building for $162,000, paying $42,000 down and borrowing the remaining $120,000, signing a 8%, 10-year mortgage Installment payments of $1,455.93 are due at the end of each month, with the first payment due on January 31, 2021. 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.) View transaction list Journal entry workshe Record the first monthly mortgage pay Requiem intermitentes en Required information [The following information applies to the questions displayed below) On January 1, 2021, Gundy Enterprises purchases an office building for $162,000. paying $42,000 down and borrowing the remaining $120,000, signing a 8%, 10-year mortgage Installment payments of $1.455.93 are due at the end of each month, with the first payment due on January 31, 2021 cas de carbon 2. Complete the first three rows of an amortization schedule. (Do not round intermediate calculations. Round your final answers to 2 decimal places.) interest Date Decrease in Cash Paid Carving Value Expense Carrying Value Carrying Value 1/1/2021 1/31/2021 2/28/2021 [The following information applies to the questions displayed below.] On January 1, 2021, Gundy Enterprises purchases an office building for $162,000, paying $42.000 down and borrowing the remaining $120,000, signing a 8%, 10-year mortgage Installment payments of $1,455.93 are due the end of each month, with the first payment due on January 31, 2021. each month, Required: 1. Record the purchase of the building on January 1, 2021 (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet Record the purchase of the building