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Required information The following information applies to the questions displayed below] of 4 On January 1, 2021, Gundy Enterprises purchases an office building for $206,000,

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Required information The following information applies to the questions displayed below] of 4 On January 1, 2021, Gundy Enterprises purchases an office building for $206,000, paying $46,000 down and borrowing the remaining $160,000, signing a 9 % , 10- year mortgage. Installment payments of $2,026.81 are due at the end of each month, with the first payment due on January 31, 2021. rev: 04 05 2019 Qc CS-165219 3-a. Record the first monthly mortgage payment on January 31, 2021. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field. Do not round intermediate calculations. Round your final answers to 2 decimal places.) ook

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