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! Required information [The following information applies to the questions displayed below.] ...

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Accounting

!
Required information
[The following information applies to the questions displayed below.]
On January 1,2024, Howell Enterprises purchases a building for $217,000, paying $47,000 down and borrowing the remaining $170,000, signing a 7%,10-year mortgage. Installment payments of $1,973.84 are due at the end of each month, with the first payment due on January 31,2024.
Required:
Record the purchase of the building on January 1,2024.(If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.)
Journal entry worksheet
1
Record the purchase of the building.
Note: Enter debits before credits.
\table[[Date,General Journal,Debit,Credit],[January 01,2024,,,]]
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