Required information

[The following information applies to the questions displayed below.]

On January 1, 2024, Stoops Entertainment purchases a building for $610,000, paying $110,000 down and borrowing the remaining $500,000, signing a 9%, 15-year mortgage. Installment payments of $5,071.33 are due at the end of each month, with the first payment due on January 31, 2024.

Required:

1. Record the purchase of the building on January 1, 2024. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.)

Please also show me how to get certain numbers if they aren't directly listed. Thank you.