On January 1, 2021, Gundy Enterprises purchases an office building for $217,000, paying $47,000 down and borrowing the remaining $170,000, signing a 7%, 10-year mortgage. Installment payments of $1,973.84 are due at the end of each month, with the first payment due on January 31, 2021. 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. Noter intereits before credits General Journal Credit Date January 01, 2021 Buildings Cash Debit 217.000 47.000