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Required information 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

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Required information 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 $349,000, paying $59,000 down and borrowing the remaining $290,000, signing a 8%, 10-year mortgage. Installment payments of $3,518.50 are due at the end of each month, with the first payment due on January 31, 2021. Journal entry worksheet

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