keel company purshased a building and land with fair market value of 475000(building 250,000, and land ,225,000)on janarty 1,2024 .keel signed a 25-year ,8%mortage payable. keel will make monthly payments of 3,666.13z round to two decimal places.explanstiins are not requires for journal.

Explanations ate not roque ed for ficurnal entries. Foead the regitimementes Requirements 1. Journalize the mortgage payable issuance on January 1, 2024. 2. Prepare an amortization schedule for the first two payments. 3. Journalize the first payment on January 31, 2024. 4. Journalize the second payment on February 28, 2024. lowat t= Requirements 1. Journalize the mortgage payable issuance on January 1, 2024. 2. Prepare an amortization schedule for the first two payments. 3. Journalize the first payment on January 31, 2024. 4. Journalize the second payment on February 28, 2024. Explanations are not requefed for poenal entries. Rejd the