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Consider the following note payable transactions of Cabal Video Productions (Click the icon to view the transactions.) Requirements 1 Journalize the transactions for the company

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Consider the following note payable transactions of Cabal Video Productions (Click the icon to view the transactions.) Requirements 1 Journalize the transactions for the company 2 Considering the given transactions only, what are Cabal Video Productions' total liabilities on December 31, 2019 Oct 1, 2018 Purchased equipment costing $80,000 by issuing a five year, 8% note payable. The note requires annual principal payments of $16,000 plus interest each October 1 Date Accounts and Explanation Debit Credit 2018 Oct 1

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