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Requireditation Problem 9-1A Record and analyze installment notes (L09-2) (The following information applies to the questions displayed below.) On January 1, 2021, Gundy Enterprises purchases

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Requireditation Problem 9-1A Record and analyze installment notes (L09-2) (The following information applies to the questions displayed below.) On January 1, 2021, Gundy Enterprises purchases an office building for $151,000, paying $41,000 down and borrowing the remaining $110,000, signing a 7%, 10-year mortgage. Installment payments of $1277.19 are due at the end of each month, with the first payment due on January 31, 2021 Problem 9-1A Part 2 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 Interest Expense Decrease in Carrying Val Carrying Value $ 110,000.00 1/1/2021 1/31/2021 2/28/2021 1.277.191 1.277.191 Problem 9-1A Record and analyze installment notes (LO9-2) owing information applies to the questions displayed below) On January 1, 2021. Gundy Enterprises purchases an office building for $151,000, paying $41.000 down and borrowing the remaining $110,000, signing a 7%, 10-year mortgage. Installment payments of $127719 are due at the end of each month, with the first payment due on January 31, 2021 Problem 9-1A Part 3 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 list ances Journal entry worksheet Record the first monthly mortgage payment. Note: Enter debits before credits Debit Credit Date January 31, 2021 General Journal nterest Expense

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