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Required information The following information applies to the questions displayed below] Part 1 of 2 On January 1, 2021. Guncy Enterprises purchases an office building
Required information The following information applies to the questions displayed below] Part 1 of 2 On January 1, 2021. Guncy Enterprises purchases an office building for $327,000, paying $57.000 down and borrowing the remaining $270,000, signing a 7%, 10 year mortgage. Installment payments of $3,134.93 are due at the end of each manth, with the first payment due on January 31, 2021. Dark 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, Nche: Enter debits before credits. General Joumal Debit Credit Date January 01, 2021 Record entry Clear entry View general journal
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