\begin{tabular}{ll} \hline Mar. 1, 2024 & Borrowed $495,000 from Lessburg Bank. The nine-year, 5% note requires payments due annually, on \\ Dec. 1, 2024 & March 1 . Each payment consists of $55,000 principal plus one year's interest. payments of $9,000. The interest rate on the note is 9% and accrues monthly. The first payment is due on January 1,2025. \\ Dec. 31, 2024 & Recorded interest accrued on the Sandi Bank note. \\ Dec. 31, 2024 & Recorded interest accrued on the Lessburg Bank note: \\ Jan. 1, 2026 & Paid Sandi Bank monthly mortgage payment \\ Feb. 1, 2026 & Paid Sandi Bank monthly mortgage payment \\ Mar. 1, 2025 & Paid Sandi Bank monthly mortgage payment \\ Mar. 1, 2025 & Paid first instalment on note due to Lessburg Bank \end{tabular} The following transactions of Wholesale Pharmacies occurred during 2024 and 2025 : (Click the icon to view the transactions.) Read the requirements. Requirement 1. Journalize the transactions in the Wholesale 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. Round all answers to the nearest dollar.) Mar. 1, 2024; Borrowed $495,000 from Lessburg Bank. The nine-year, 5% note requires payments due annually, on March 1 . Each payment consists of $55,000 principal plus one year's interest. Requirements 1. Journalize the transactions in the Wholesale Pharmacies general journal. Round to the nearest dollar. Explanations are not required. 2. Prepare the liabilities section of the balance sheet for Wholesale Pharmacies on March 1, 2025 after all the journal entries are recorded. Dec. 1, 2024: Mortgaged the warehouse for $600,000 cash with Sandi Bank. The mortgage requires monthly payments of $9,000. The interest rate on the note is 9% and accrues monthly. The first payment is due on January 1, 2025 Dec. 31, 2024: Recorded interest accrued on the Sandi Bank