la Kaler Company purchased a building and land with a fair market value of $600.000 (building. 5400,000 and land, 5200,000) on January 1, 2024. Kater signed a 30-year 13% mortgage payable. Kaler will make monthly payments of $6,637.20 Round to two decimal places. Explanations are not required for journal entries Read the moments Requirement 1. Journalize the mortgage payable issuance on January 1, 2024. Recon debits first, then credit. Exclude plantior from any journal entries Date Accounts Debit Credit 2024 Jant Building 400,000.00 Land 200,000.00 Morge Payable 600.000.00 Requirement 2. Prepare an amortization schedule for the first two payments (Round all numbers to the nearest cant) Beginning Principal Interest Total Ending Balance Payment Expense Payment Balance 1712024 $ 500.000,00 1/31/2004 5 600.000.00 $6.500.00 S 837 20 222034 X Requirements 1. Joumalize the mortgage payable issuance on January 1, 2024 2. Prepare an amortization schedule for the first two payments. 1. Journalize the payment on January 31, 2024 4 Joumalize the second payment on February 28, 2024