Kemmer Company purchased a building and land with a fair market value of $450,000 (building. $350,000 and land, $100,000 ) on January 1, 2024. Kemmer signed a 20-year, 7% mortgage payable. Kemmer will make monthly payments of $3,488.85. Round to two decimal places. Explanations are not required for journal entries. Requirement 1. Journalize the mortgage payable issuance on January 1, 2024. (Record debits first, then credits. Exclude explanations from any journal entries. Check your spelling carefully and do not abbreviate.) Requirement 3. Journalize the first payment on January 31, 2024. (Enter amounts to the nearest cent. Record debits first, then credits. Exclude explanations from any journal entries. Check your spelling carefully and do not abbreviate.) Requirement 4. Journalize the second payment on February 28, 2024. (Enter amounts to the nearest cent. Record debits first, then credits. Exclude explanations from any journal entries. Check your spelling carefully and do not abbreviate.)