On January 1, 2021, Gundy Enterprises purchases an office building for $316,000, paying $56,000 down and borrowing the remaining $260,000, signing a 8%, 10-year mortgage Installment payments of $3,154.52 are due at the end of each month, with the first payment due on January 31, 2021. 4 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 llot . ok Journal entry worksheet > 1 Record the purchase of the building, rences Note: Enter debits before credits General Journal Debit Credit Date January 01, 2021