Consider the following note payable transactions of Caldwell 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 Caldwell Video Productions' total liabilities on December 31, 2019? Requirement 1. Journalize the transactions for the company. (Record debits first, then credits. Select explanations on the last line of the journal entry.) Jun. 1, 2018: Purchased equipment costing $120,000 by issuing a ten-year, 5% note payable. The note requires annual principal payments of $12,000 plus interest each June 1. Date Accounts and Explanation Debit Credit 2018 Jun. 1 for th sactio More Info ansac Purchased equipment costing $120,000 by issuing a ten-year, 5% note payable. The note requires annual principal payments of $12,000 plus interest each June 1. nt co Jun. 1, 2018 est eac Dec. 31, 2018 Accrued interest on the note payable. unts Jun. 1, 2019 Paid the first installment on the note. c. 31, 2019 Accrued interest on the note payable. Print Done