Business
Business, 05.05.2020 21:36, lilmamagodchild123

Company purchased a building with a market value of $ 365 comma 000 and land with a market value of $ 50 comma 000 on January 1, 2018. Ewan Company paid $ 40 comma 000 cash and signed a 15-year, 6% mortgage payable for the balance. Requirements 1. Journalize the January 1, 2018, purchase. 2. Journalize the first monthly payment of $ 3 comma 164 on January 31, 2018. (Round to the nearest dollar.)

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