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Kolly Company purchased a bulding and land with a fair market value of $425,000 (building, $325,000 and Land, $100,000 ) on January 1, 2024 Kelly

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Kolly Company purchased a bulding and land with a fair market value of $425,000 (building, $325,000 and Land, $100,000 ) on January 1, 2024 Kelly signed a 30-7ear, 9$ mongag payable. Kelly will make monthly payments of $3,419,65. Round to two decimal places. Explanations are not required for journal entries Read the requirements

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