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Required information [The following information applies to the questions displayed below) On January 1, 2022, Gundy Enterprises purchases an office building for $173,000, paying $43,000
Required information [The following information applies to the questions displayed below) On January 1, 2022, Gundy Enterprises purchases an office building for $173,000, paying $43,000 down and borrowing the remaining $130,000, signing a 9%, 10-year mortgage Installment payments of $1,646.79 are due at the end of each month, with the first payment due on January 31, 2022. 3-a. Record the first monthly mortgage payment on January 31, 2022. (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.) View transaction list Journal entry worksheet 1 > Record the first monthly mortgage payment. . Note: Enter debits before credits. General Journal Debit Credit Data January 31, 2022
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