Kemmer Company purchased a building and land with a fair market value of $650,000 (building, $350,000 and land, $300,000) on January 1, 2018. Kemmer signed a 20-year, 8% mortgage payable. Kemmer will make monthly payments of $5,436.86. 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, 2018. (Record debits first, then credits. Exclude explanations from any journal entries.) Date Accounts Debit Credit 2018 Requirements Jan. 1 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. Requirement 2. Prepare an amortization schedule for the first two payments. (Round all numbers to the nearest cent.) Interest Total Beginning Balance Principal Payment Ending Balance Print Done Expense Payment 1/1/2018 1/31/2018 2/28/2018 Requirement 3. Journalize the first payment on January 31, 2018. (Enter amounts to the nearest cent. Record debits first, then Date Accounts Debit Credit Requirements 2018 Jan. 31 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. Requirement 4. Journalize the second payment on February 28, 2018. (Enter amounts to the nearest cent. Record debits first, Print Done Date Accounts Debit Credit 2018 Feb. 28