kaler company purchased a building and land with a fair market value of $600,000(builifing, $350,000 and land, $250,000) on january 1,2018. kaler signed a 30-year,13% mortage payable. kaler will make monthly payments of $6,637.20. round to two decimal places

om Requirement 1. Journalize the mortgage payable issuance on January 1, 2018. (Record debits first, then credits Date Accounts Debit Credit 2018 Jan 1 Building Land Mortgage Payable 350 000.00 250.000 00 800,000.00 Requirement 2. Prepare an amortization schedule for the first two payments (Round all numbers to the nearest cont Beginning Principal Interest Total Balance Payment Expense Payment Ending Balance 1/1/2018 600000 1/31/2018 500000 2/28/2018 F Requirements 600 1. Journalize the mortgage payable issuance on January 1, 2018 2. Prepare an amortization schedule for the first two payments. 3. Journalize the first payment on January 31, 2018 4. Journalize the second payment on February 28, 2018 anda