Keel Company purchased a building and land with 1663720 market value of 600.000 (building. 505.000 and land. 5175.000) on January 1, 2016 Kesigned a year 13% mortgage payable of monthly pa Requirements 1. Journalize the mortgage payable issuance on January 1, 2016 (explanations are not required) 2. Prepare an ammation schedule for the first two payments 3. Journal the first payment on January 31, 2016 round to two decimal places) Joule the second payment on February 2016 round to be decimal places) Requirement 1. Journalire the mortgage payable issuance on January 1, 2016 (explanations are not required) (Record debits first, then credits Exclude explanations from any journalen Date Accounts Debit Credit 2016 Jan 1 Requirement 1. Journalize the mortgage payable issuance on January Date Accounts 2016 Jan. 1 Building Cash Interest Expense Requireme Interest Payable Interest Revenue Land Mortgage Payable 2 payn Total Payme 17112016 Requirement 2. Prepare an amortization schedule for the first two payments (Round all numbers to the nearest cent.) Beginning Principal Payment Interest Expense Total Payment Ending Balance Balance 1/1/2016 1/31/2016 2/28/2016 Requirement 3. Journalize the first payment on January 31, 2016 (round to two decimal places). Date Accounts Debit Credit 2016 Jan. 31 Requirement 4. Journalize the second payment on February 29, 2016 (round to two decimal places) Date Accounts Debit Credit 2016 Feb. 29