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 liabililies on December 31, 20172 Requirement 1. Journalize the transactions for the company Oct. 2016, Purchased equipment costing S80,000 by issuing a five-year, 8% note payable The note requires a Select explanations on the last line of the journal entry Check your spelling carefully and do not abbreviate,) al principal pay Credit Date 2016 elument Oct. 1 notes payable Accounts and Explanation Debit 80000 80000 Purchased equipment by issuing a 5-year, 8% note. Choose trom any Iist or enter any number in the ingut heits and then continue to the next queston O Type here to search