Kessel Company purchased a bolding and and with for market value of $525.000 (bulding, $350.000 and land. $175.000) on Januay 1, 2018 Kessel signed a 15 year, 10% mortgage payable Kessel will make monthly payments of 55 61168 Round to two decimal places Explanations are not required for jumalis Read the recents Requirement 1. numature the montpage payable lance on January 2018 Record dubitu first the credit. Exclude explorations from any of the Date Accounts Debt Credit 2015 Jan 1 Milding 350,000.00 Land 175 000 00 Mortgage Payable 525.000.00 X Requirements Requirement 2. Prepare an amortization schedule for the first payments (Roundabers to the newest Beginning Principal Total Ending Balance Payment Expense Payment Balance 17112013 525.000 1012018 2012018 1. Journalize the mortgage payable istuance on January 1, 2011 2. Prepare an amortization schedule for the first we payments 3. Journalia the first payment on January 31, 2018 Journalise the second payment on February 28, 2018 Print Done