Record the purchase of the building on January 1, 2021?

1 0 Part 1 of 4 Required information Problem 9-1B Record and analyze installment notes (L09-2) The following information applies to the questions displayed below) On January 1, 2021, Stoops Entertainment purchases a building for $510,000, paying $120,000 down and borrowing the remaining $390,000, signing a 8%, 15-year mortgage Installment payments of $3,72704 are due at the end of each month, with the first payment due on January 31, 2021 0.5 points Problem 9-18 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.) Answer is not complete. No General Journal Credit 1 Dato January 01, 2021 Interest Expense Notes Payable Cash Debit 2,600 1.127 3.7273