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! Required information (The following information applies to the questions displayed below) On January 1, 2021, Gundy Enterprises purchases an office building for $272,000, paying

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! Required information (The following information applies to the questions displayed below) On January 1, 2021, Gundy Enterprises purchases an office building for $272,000, paying $52,000 down and borrowing the remaining $220.000, signing a 9%, 10 year mortgage Installment payments of $2786, 87 are due at the end of each month, with the first payment due on January 31, 2021. 11 3-n. 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 finn answers to 2 decimal places) View transaction ist Journal entry worksheet 1 Record the first monthly mortgage payment. 3-b. How much of the first payment goes to interest expense and how much goes to reducing the carrying value of the loan? (Round your answers to 2 decimal places.) Interest Expenso Reducing the Carrying Value Fast payment

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