< Questions 8-10 (of 15) > Problem 9-1A Record and analyze installment notes (LO9-2) Return To Assignment List (The following information applies to the questions displayed below) On January 1, 2018, Gundy Enterprises purchases an office for $360,000, paying $60,000 down and borrowing the remaining $300,000, signing a 7%, 10-year mortgage, Installment payments of $3.41.25 are due at m end of each month, with the first payment due on January 31, 2018 References Section Break- . Award: 0.58 out of 0.70 points Problem 9-1A Part 1 Problem 9-1A Record and analyze instalment notes 09-2) You did not receive full credit for this question in a previous attempts Required: 1. Record the purchase of the building on January 1, 2018. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field) No Date $ January 01, 2018 Buildings Cash Notes payable General Journal 000 Debit Credit 36,000 60,000 C 300,000