On january 1, 2024, stoops entertainment purchases a building for $610,000 paying $110,000 down and borrowing the remaining $500,000 signing a 9% fee, 15 year mortgagr. installment payments of $5,071.33 are due at the end of each month, with me the first payment due on january 31, 2024

Required information [The following information applies to the questions displayed below] On January 1, 2024, Stoops Entertainment purchases a building for $610,000, paying $110,000 down and borrowing the remaining $500,000, slgning 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, 2024. equired: Record the purchase of the bullding on January 1, 2024. (if no entry is required for a particular transaction/event, select "No ournal Entry Required" in the first account field.) Journal entry worksheet