Required information [The following information applies to the questions displayed below.) On January 1, 2021, Gundy Enterprises purchases an office building for $272,000, paying $52,000 down and borrowing the remaining $220,000, signing a 9%, 10-year mortgage. Installment payments of $2,786.87 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.) Journal entry worksheet 1 Record the purchase of the building. Note: Enter debits before credits. Date January 01, 2021 General Journal Debit Credit Record entry Clear entry View general Journal Required Information [The following information applies to the questions displayed below.) On January 1, 2021, Gundy Enterprises purchases an office building for $272,000, paying $52,000 down and borrowing the remaining $220,000, signing a 9%, 10-year mortgage. Installment payments of $2,786.87 are due at the end of each month, with the first payment due on January 31, 2021. 2. Complete the first three rows of an amortization schedule. (Do not round Intermediate calculations. Round your final answers to 2 decimal places.) Date Cash Paid Decrease in Interest Expense Carrying Value Carrying Value 1/1/2021 1/31/2021 2/28/2021 Required information [The following information applies to the questions displayed below.) On January 1, 2021, Gundy Enterprises purchases an office building for $272,000, paying $52,000 down and borrowing the remaining $220,000, signing a 9%, 10-year mortgage. Installment payments of $2,786.87 are due at the end of each month, with the first payment due on January 31, 2021 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.) View transaction at I Required information Journal entry worksheet