Sad to two decimal places. Epilations we not required to your entries Kessel Corey purchased a bunding and and with a termarket ve 5475.000 bulding. $2.50,000 and land, 1225.000) on January 1, 2018 Keccoligno a 25-yor, 8% mortgage paya. Kessel wil make monthly payments of Rustement Mequirementumaise the morgnon payable suce on Manuary 1, 2018, acond cobite fost, then credit foute entre tonary pumartins) Accounts Credit Date Debit 2018 a 1 din Le Martong Pawie 350,000.00 225.000.00 475.000.00 Requirements Requirements amortization schee for the first to payment Mountbers to the mount beginning Principal rest Total Ending Balance Payment Expense Payment 1. Jumatore payable on January 1, 2018 2. Prenotation for the finants 2 ouate the first payment on January 31, 2016 domate the second payment on Fry 26, 2016 2018 2212018 Print Done Kessel Company purchased a building and land with a fair market value of $475,000 (building, $250,000 and land, $225,000) on January 1, 2018. Kessel signed a 25-year, 8% mortgage payable. Kessel will make monthly payments of $3,666.13. Round to two decimal places. Explanations are not required for journal entries. Read the requirements GOEDE Requirement 1. Journalize the mortgage payable issuance on January 1, 2018. (Record debits first, then credits. Exclude explanations from any journal entries.) Accounts Debit Credit Date 2018 Jan 1 250,000.00 Building Land 225,000.00 Mortgage Payable 475,000.00 Requirement 2. Prepare an amortization schedule for the first two payments. (Round all numbers to the nearest cent.) Beginning Principal Interest Total Ending Balance Payment Expense Payment Balance 1/1/2018 1/31/2018 2/28/2018 - Requirements 1. Journalize the mortgage payable issuance on January 1, 2018. 2. Prepare an amortization schedule for the first two payments. 3. Journalize the first payment on January 31, 2018. 4. Journalize the second payment on February 28, 2018