Kaler Company purchased a building and land with a fair market value of $$475,000($building$,$ $$250,000$ and land, $$225,000)$ on January $1,2024.$ Kaler signed a $25-$year, $8\%$ mortgage payable. Kaler will make monthly payments of $$3,666\mathrm{.}13.$ Round to two decimal places. Explanations are not required for journal entries.

Read the requirements.

Requirement $1.$ Journalize the mortgage payable issuance on January $1,2024.($Record debits first, then credits. Exclude explanations from any journal entries.$)$

$\backslash$table$[[$Date$,$Accounts,Debit,Credit$],[2024],[$Jan$.1],[,,,],[,,,],[,,,]]$