EF14-19 (similar to) Question Help Kool Company purchased a building and land with a fair market value of $550,000 (building, $400,000 and land $150,000) on January 1, 2024. Koel signed a 20-year, 8% mortgage payable Keel will make monthly payments of $3,840.37 Round to two decimal places. Explanations are not required for journal entries bi Read the requirements e mortgage cavablo Lance AS Januar 2014 Decod dobite fire than credite Evoludo volanations from any Accour 0 Requirements 1. Journalize the mortgage payable issuance on January 1, 2024. 2. Prepare an amortization schedule for the first two payments. 3. Journalize the first payment on January 31, 2024. 4. Journalize the second payment on February 28, 2024. Print Done work Requirement 1. Journalize the mortgage payable issuance on January 1, 2024. (Record debits first, then credits. Exclude expla iz/Test Date Accounts Debit Credit 2024 Jan. 1 Choose from any list or enter any number in the input fields and then click Check Answer 3 parts remaining Clear All 000 00 *** FT F2 F4