On January 1, 2021, Gundy Enterprises purchases an office building for $206,000, paying $46,000 down and borrowing the remaining $160,000, signing a 9%, 10-year mortgage. Installment payments of $2,026.81 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.)

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.)

WGYULUHUHULIUI The following information applies to the questions displayed below.] On January 1, 2021, Gundy Enterprises purchases an office building for $206,000, paying $46,000 down and borrowing the remaining $160,000, signing a 9%, 10-year mortgage. Installment payments of $2,026.81 are due at the end of each month, with the first payment due on January 31, 2021. --a. Record the first monthly mortgage payment on January 31, 2021. (If no entry is required for a particular ansaction/event, select "No Journal Entry Required" in the first account field. Do not round intermediate alculations. 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. General Journal Debit Credit Date January 31, 2021 Record entry Clear entry View general journal --b. How much of the first payment goes to interest expense and how much goes to reducing the carrying value of the ban? (Round your answers to 2 decimal places.) Interest Expense 83,217.00 Reducing the Carrying Value First payment $