Check my work mode: This shows what is correct or incorrect for the work you have complete 8 181 12 88 al balance of the Manufacturing Equitable at December 31, 2018, the end of its fiscal year, includ account balances. Manufacturing's 2018 financial statements were issued on April 1, 2019 Accounts receivable Accounts payable Bank notes payable Mortgage note payable $ 180,00e 48,480 628,808 1,238,880 Other information: a The bank notes, issued August 1, 2018, are due on July 31, 2019, and pay interest at a rate of 12%, payable at b. The mortgage note is due on March 1, 2019 Interest at t1 has been paid up to December 31 ( mat Manufacturing intended at December 31, 2018, to refinance the note on its due date with a new 10.year mortgag March 1, Manufacturing paid $260,000 in cash on the principal balance and refinanced the rema ning $970,000 2018, were two subsidiary accounts that had been pected to order more n c Included in the accounts receivable balance at December 31, credit balances totaling $21,650. The accounts were of two major customers who were ex Manufacturing and apply the overpayments to those future purchases tory to a tenant for $37,200 per year, payable in a rent revenue d. On November 1, 2018, Manufacturing rented a portion of its fac payment for the 12 months ended October 31, 2019, was received as required and was credited to Required: 1. Prepare any necessary adjusting journal entries at December 31, 2018, pertaining to each item of other informatior 2. Prepare the current and long-term liability sections of the December 31, 2018, balance sheet