Please help me this adjusting entry : The annual interest rate on the mortgage payable was 7.75 percent. Interest expenses for on-half monthe should be computed because the building and land were purchased and the liability incurred on june 16

June 16: Byte purchased a building and the land it is on 101000 to house its repair facilities and to store computer equipment. The lot on which the building is located is valued at $ 16,000. The balance of the cost is to be allocated to the building. Byte made a cash down payment of $10100 and executed a morgate for the balance. The mortgage is payable in eight equal annual installments beginning July 1.