Score: 0 of 1 pt 2 of 2 (0 complete) HW Score: 0%, 0 of 2 pts E12-19 (similar to) :3 Question Help Kanta Company purchased a building and land with a fair market value of $600,000 (building, $350,000 and land, $250,000) on January 1, 2018. Kanta signed a 30-year, 13% mortgage payable. Kanta will make monthly payments of $6,637 20. Round to two decimal places. Explanations are not required for journal entries. Read the requirements Requirement 1. Journalize the mortgage payable issuance on January 1, 2018. (Record debits first, then credits. Exclude explanations from any journal entries.) Date Accounts Debit Credit 2018 Jan. 1 Requirements - X 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 Print Done Choose from any list or enter any number in the input fields and then click Check Answer. parts remaining Clear All Check