Question: how do you do this one? Is Question Help Ethan Company purchased a building with a market value of 5320,000 and land with a market

 how do you do this one? Is Question Help Ethan Company

how do you do this one?

Is Question Help Ethan Company purchased a building with a market value of 5320,000 and land with a market value of $40,000 on January 1, 2018. Ethan Company paid $25.000 cash and signed a 12 year 18% mortgage payable for the balance Requirements 1. Journalize the January 1, 2018, purchase 2. Joumalize the first monthly payment of $5,692 on January 31, 2018. (Round to the nearest dollar) Requirement 1. Journalize the January 1, 2018. purchase. (Record debits first, then credits Select explanations on the last line of the journal entry) Date Accounts and Explanations Debit Credit 2018 Jan 1 Building Cash Paid principal and interest payment Choose from any list or enter any number in the input fields and then click Check

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