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Available Options: Cash, Interest expense, interest payable, interest revenue, notes payable, mortgage payable P14-32A (book/static) Question Help O The following transactions of Johnson Pharmacies occurred
Available Options: Cash, Interest expense, interest payable, interest revenue, notes payable, mortgage payable
P14-32A (book/static) Question Help O The following transactions of Johnson Pharmacies occurred during 2018 and 2019 (Click the icon to view the transactions.) Read the requirements Requirement 1. Journalize the transactions in the Johnson Pharmacies general journal. Round all answers to the nearest dollar. Explanations are not required. (Record debits first, then credits. Exclude explanations from any journal entries.) Mar. 1, 2018: Borrowed $450,000 from Coconut Creek Bank. The 15-year, 5% note requires payments due annually, on March 1. Each payment consists of $30,000 principal plus one year's interest. Date Accounts Debit Credit 2018 Mar. 1Step by Step Solution
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