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pls do the complete answer for jan 1sr and 31st. last expert didn't answer the conplete question Required information The following information applies to the
pls do the complete answer for jan 1sr and 31st. last expert didn't answer the conplete question
Required information The following information applies to the questions displayed below.) On January 1, 2021, Gundy Enterprises purchases an office building for $184,000, paying $44,000 down and borrowing the remaining $140,000, signing a 7%, 10-year mortgage Installment payments of $1,625.52 are due at the end of each month, with the first payment due on January 31, 2021. Required: 1. Record the purchase of the building on January 1, 2021. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet Record the purchase of the building. Required information View transaction list Journal entry worksheet Record the purchase of the building. Note: Enter debits before credits. Credit Debit 184,000 Date General Journal January 01, 2021 Buildings Cash Notes Payable Record entry Clear entry View general journal Required information Journal entry worksneet 1 Record the first monthly mortgage payment. Note: Enter debits before credits. Debit Credit Date General Journal January 31, 2021 Interest Expense Notes Payable Cash Record entry Clear entry View general Journal Step by Step Solution
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