Record as a general journal, and it's debit/credit entry -- show calculations. These business transactions connect:

• 1/1/2019 -- Purchases a building borrowing from the bank by signing a note payable for $580,000 at 5% annual interest and pays an additional $10,000 down payment to the seller. (Record the transaction in 3 accounts) the building is expected to have a salvage value of $408,000 at the end of its 40 years of its useful life.
• 1/31/2019 -- Accrue one month of interest expense on the note related to the building loan on 1/1/2019.