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On January 1, 2021, Stoops Entertainment purchases a bullding for $610,000. paying $110,000 down and borrowing the remaining $500,000, signing a 9%, 15-year mortgage. Installment

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On January 1, 2021, Stoops Entertainment purchases a bullding for $610,000. paying $110,000 down and borrowing the remaining $500,000, signing a 9%, 15-year mortgage. Installment payments of $5,071.33 are due at the end of each month, with the first payment due on January 31, 2021. quired: Record the purchase of the building on January 1, 2021. (if no entry is required for a particular transaction/event, select "No Lrnal 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 Dobit Credit Date January 01, 2021 Record entry Clear entry View general Journal 2. Complete the first three rows of an amortization schedule. (Do not round Intermediate calculations. ROL decimal places.) Date Cash Pald Inta Expense Decruano in Carrying Value Carrying Valu 01/01/2021 01/31/2021 02/28/2021 3-a. Record the first monthly mortgage payment on January 31, 2021. (If no entry is requl "No Journal Entry Required" in the first account field. Do not round Intermediate calcu decimal places.) View transaction list Journal entry worksheet 1 Record the first monthly mortgage payment. Note: Enter debits before credits. Dato Goneral Journal Dobit Credit January 31, 2021 Record entry Clear entry View general Jourr 4. Total payments over the 15 years are $912,839 ($5,07133 - 180 monthly payments). How much of this is interest expense and how much is actual payment of the loan? Intersport Achal payments on the loan

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