On January 1, 2021, Stoops Entertainment purchases a building for $540,000, paying $120,000 down and borrowing the remaining $420,000, signing a 8%, 10-year mortgage. Installment payments of $5,095.76 are due at the end of each month, with the first payment due on January 31, 2021. Problem 9-1B Part 3 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 worksheet 1 Record the first monthly mortgage payment. Note: Enter debits before credits. Date January 31, 2021 General Journal Debit Credit Record entry Clear entry View general journal