Kessel Company purchased a building and land with a fair market value of $650,000 (building. $350,000 and land, $300,000) on January 1, 2024 Kessel signed a 20-year, 8% mortgage payable. Kessel 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, 2024. (Record debits first, then credits. Exclude explanations from any foumal entries.) Date Accounts Debit Credit 2024 Jan. 1 Choose from any list or enter any number in the input fields and then click Check Answer id i 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. Print Done