Question: Required information 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

 Required information Problem 9-1A Record and analyze installment notes (L09-2) [Thefollowing information applies to the questions displayed below.] On January 1, 2021,

Required information 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 $349,000, paying $59,000 down and borrowing the remaining $290,000, signing a 8%, 10-year mortgage. Installment payments of $3,518.50 are due at the end of each month, with the first payment due on January 31, 2021. Problem 9-1A Part 1 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.) Journal entry worksheet Record the purchase of the building. Note: Enter debits before credits. Date General Journal Debit Credit January 01, 2021

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