E12-19 (similar to) Question Help Kanta Company purchased a building and and with a fair market value o $425.000 building. $325,000 and and $100,000 on January 1, 2018. Kanta s gned a 30-year 9% mortgage payable Kanta will make month y payments of $341965 Round o two decimal ple Explanations are not required for joumal entries Read the requ rements Requirement 1. Joumalize the mortgage payable issuance on January 1,2018 (Record debits first, then credits Exclude explanations from any journal entries.) Date 2018 an 1 Debit Credit Requirements 1. Journalize the mortgage payable issuance on January 1, 2018 2. Prepare an amortizabion schedule for the first two payments 3. Journaze the first payment on January 31, 2018 4. Journalize the second payment on February 28, 2018. Print Done