1- On Mar 1, the company borrowed $360,000 from a local bank on a 10-years mortgage with annual interest rate is 10%. 2- 1/July company bought equipment costing $380,000 has useful life of 10 years and its estimated salvage value is $20,000 using the straight line method. 3- 1/Sep company paid rent 21000 cash for 7 months 4- 31/12 company found that it not paid rent 7000 for Oct Required: record the necessary entries