Homework: Chapter 12 Score: 0.21 of 1 pt E12-19 (similar to) 9 of 11 (9 complete) Save HW Score: 55.24%, 6.08 of 11 pts Question Help Kaler Company purchased a building and land with a fair market value of $425,000 (building, $225,000 and land. $200.000) on January 1, 2018. Kaler signed a 30-year, 9% mortgage payable. Kaler will make monthly payments of $3,419 65. Round to two decimal places. Explanations are not required for journal entries. Read the requirements Requirement 1. Journalize the mortgage payable issuance on January 1, 2018 (Record debits first, then credits Exclude explanations from any journal entries.) Accounts Date 2018 Jan. 1 Building Land Debit Credit 225,000.00 200,000.00 425,000.00 Mortgage Payable Requirement 2. Prepare an amortization schedule for the first two payments. (Round all numbers to the nearest cent.) Beginning Balance 1/1/2018 1/31/2018 2/28/2018 Principal Payment Interest Expense Total Payment Enter any number in the edit fields and then click Check Answer 2 parts remaining Ending Balance Clear All Check Answer