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Kelly Company purchased a building and land with a fair markot value of $525,000 (building. $350,000 and land, 5175,000 ) on Janiary 1,2024 Kely signed

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Kelly Company purchased a building and land with a fair markot value of $525,000 (building. $350,000 and land, 5175,000 ) on Janiary 1,2024 Kely signed a 15 yeat, 10\%, mortgage payable, Kelly will make monthly payments of $5,641,68. Round to two decimal places. Explanations are not required lor journal entries. Read the requitements. \begin{tabular}{c||l|r|r|} \hline Jan.1 & Land & 175,000.00 & \\ Bullding & 350,000.00 & \\ Mortgage Payable & & 525,000.00 \\ & & & \end{tabular} Requirement 2. Prepare an amortization schedule for the first two payments. (Round all numbers to thie nearest cent) 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

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