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Required information The following information applies to the questions displayed below! On January 1, 2021. Gundy Enterprises purchases an office building for $360.000 paying $60,000

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Required information The following information applies to the questions displayed below! On January 1, 2021. Gundy Enterprises purchases an office building for $360.000 paying $60,000 down and borrowing the remaining $300.000, signing a 7%, 10-year mortgage Installment payments of $3.483 25 are due at the end of each month, with the first payment due on January 31 2021 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) View transaction list Journal entry worksheet Record the purchase of the building

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