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Requirement 1. Journalize the mortgage payable issuance on January 1, 2024. (Record debits first, then credit Date Accounts Debit Credit 2024 Jan. 1 Building Land
Requirement 1. Journalize the mortgage payable issuance on January 1, 2024. (Record debits first, then credit Date Accounts Debit Credit 2024 Jan. 1 Building Land Mortgage Payable 300,000.00 175,000.00 475,000.00 Requirement 2. Prepare an amortization schedule for the first two payments. (Round all numbers to the nearest Beginning Balance Principal Payment Interest Expense Total Payment Ending Balance 1/1/2024 $ 475,000.00 1/31/2024 $475,000.00 $ 499.46 $ 3,166.67 $ 3,666.13 474,500.54 2/28/2024 474,500.54 502.79 3,163.34 3,666.13 473,997.75 Requirement 3. Journalize the first payment on January 31, 2024. (Enter amounts to the nearest cent. Record de Date Accounts Debit Credit 2024 Jan. 31 Help me colue this
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