Required information [The following information applies to the questions displayed below.] On January 1, 2024, Bloomfield Enterprises purchases a building for $294,000, paying $54,000 down and borrowing the remaining $240,000, signing a 7%, 10-year mortgage. Installment payments of $2,786.60 are due at the end of each month, with the first payment due on January 31, 2024. 3-a. Record the first monthly mortgage payment on January 31, 2024. 3-b. How much of the first payment goes to interest expense and how much goes to reducing the carrying value of the loan? Complete this question by entering your answers in the tabs below. Req 3a Reg 3b Record the first monthly mortgage payment on January 31, 2024. (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.)

Required information [The following information applies to the questions displayed below] On January 1, 2024, Bloomfield Enterprises purchases a bullding for $294.000. paying $54,000 down and borrowing the remaining $240,000, signing a 7$6,10 year mortgage. Instaliment payments of $2,786.60 are due at the end of each month, with the first payment due on January 31,2024 3-a. Record the first monthly mortgage payment on January 31, 2024. 3-b. How much of the first payment goes to interest expense and bew much goes to reducing the carrylng value of the loan? Complete this question by entering your answers in the tabs below. Record the first monthly mortagge payment on Jansary M1, 2024. (if no entry is tequired for a particulac transactiondevent, select Wo fournal Entry Rogulred" in the list account Held Do not round intermediate colculations Round your final answery to 2 decimaliplaces