Company purchased a building with a market value of $260,000 and land with a market value of $60,000 on January​ 1, 2024. Eva Company paid $20,000 cash and signed a 20​-year, 6​% mortgage payable for the balance. Required:
a. Journalize the January​ 1, 2024​, purchase.
b. Journalize the first monthly payment of $2,149 on January​ 31, 2024. ​(Round to the nearest​ dollar.)

Jose recently died with a probate estate of $900,000. he was predeceased by his wife, guadalupe, and his daughter, lucy. he has two surviving children, pete and fred. jose was also survived by eight grandchildren, pete’s three children, naomi, daniel, nick; fred’s three children, heather, chris and steve; and lucy’s two children, david and rachel. jose’s will states the following “i leave everything to my three children. if any of my children shall predecease me then i leave their share to their heirs, per stirpes.” which of the following statements is correct? (a) under jose’s will rachel will receive $150,000. (b) under jose’s will chris will receive $150,000. (c) under jose’s will nick will receive $100,000. (d) under jose’s will pete will receive $200,000.