Ethan Company purchased a bulding with a market value of $2.90,000 and land with a...
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Ethan Company purchased a bulding with a market value of $2.90,000 and land with a market value of $60.000 on Jamuary 1,2024, Ethan Compary paid s15, 000 cash and aigned a 12 -year, 189 mortgage payable tor the batance. Requirements 1. Joumalite the January 1, 2024 , purchase. 2. Journalize the first monthy payment of 55,692 on January 31, 2024, (Round to the nearest dollat)
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