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Problem 9-1A Record and analyze installment notes (LO9-2) [The following information applies to the questions displayed below] On January 1, 2021, Gundy Enterprises purchases an

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Problem 9-1A Record and analyze installment notes (LO9-2) [The following information applies to the questions displayed below] On January 1, 2021, Gundy Enterprises purchases an office building for $239,000, paying $49,000 down and borrowing the remaining $190,000, signing a 9%, 10-year mortgage. Installment payments of $2,406.84 are due at the end of each month, with the first payment due on January 31, 2021. Problem 9-1A Part 1 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. Note: Enter debits before credits Date General Journal Debit Credit Problem 9-1A Record and analyze installment notes (L09-2) [The following information applies to the questions displayed below.) On January 1, 2021, Gundy Enterprises purchases an office building for $239,000, paying $49,000 down and borrowing the remaining $190,000, signing a 9%, 10-year mortgage. Installment payments of $2,406.84 are due at the end of each month, with the first payment due on January 31, 2021 Problem 9-1A 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 View Journal entry worksheet No General Journal Credit + Date January 31, 2021 Interest Expense Notes Payable Cash Debit 1,425.00 98184 2.408 84

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