Jun 16	1510	Land	purchase of land	24,000.00
Jun 16	1411	Building	purchase of land	125,000.00
Jun 16	1110	Cash	purchase of land		14,900.00
Jun 16	2201	Mortgage Payable	purchase of land		134,100.00

For the above journal entries, I am trying to make the following adjustment entries.

The annual interest rate on the mortgage payable was 8.00 percent. Interest expense for one-half month should be computed because the building and land were purchased and the liability incurred on June 16.