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Required information

$[$The following information applies to the questions displayed below.$]$

On January $1,2024,$ Howell Enterprises purchases a building for $$217,000,$ paying $$47,000$ down and borrowing the remaining $$170,000,$ signing a $7\%,10-$year mortgage. Installment payments of $$1,973\mathrm{.}84$ are due at the end of each month, with the first payment due on January $31,2024.$

Required:

Record the purchase of the building on January $1,2024.($If no entry is required for a particular transaction$/$event$,$ select $"$No Journal Entry Required" in the first account field.$)$

Journal entry worksheet

$1$

Record the purchase of the building.

Note: Enter debits before credits.

$\backslash$table$[[$Date$,$General Journal,Debit,Credit$],[$January $01,2024,,,]]$