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On January 1, 2024, Gundy Enterprises purchases an office bullding for $360,000, paying $60,000 down and borrowing the remaining $300,000, signing a 7%,10-year mortgage. Installment

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On January 1, 2024, Gundy Enterprises purchases an office bullding for $360,000, paying $60,000 down and borrowing the remaining $300,000, signing a 7%,10-year mortgage. Installment payments of $3,483.25 are due at the end of each month, with the first payment due on January 31,2024 ?equired: Record the purchase of the building on January 1, 2024 Note: If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field. Journal entry worksheet

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