Consider the following note payable transactions of Carlton Video Productions (Click the icon to view the transactions) Requirements 1. Journalize the transaction for the company 2. Considering the given transactions only, what are Carlton Video Production total labies on December 31, 2017 Requirement 1. Joumalire the transactions for the company. (Record debits first the credits Select explanations on the last line of the jumal entry) Jul 1, 2018 Purchased equipment costing $450,000 by issuing affen-year, 14% note payable. The role requires annual principal payments of $30,000 plus interest each July 1 Date Accounts and Explanation Debit Credit 2018 More info Jul 1 2018 Jul. 1 Purchased equipment costing $450,000 by issuing aften year, 14% note payable. The role requires annual principal payments of $30,000 plus interest each July 1 Dec. 31 Accrued interest on the note payable 2019 Jul 1 Paid the first installment on the note Dec 31 Accrued interest on the note payable Credit Dec 31, 2018: Accrued interest on the note payable Date Accounts and Explanation 2018 Dec 31 Print Done Choose from any ist or enter any number in the input fields and then continue to the next question MacBook AS 11 # 3 2 4 5 6 8 9 7 Jul 1, 2019: Paid the first installment on the note. Date Accounts and Explanation Debit Credit 2019 Jul. 1 Dec 31, 2019 Accrued interest on the note payable, Date Accounts and Explanation Debit Credit 2019 Dec. 31 Choose from any list or enter any number in the input fields and then continue to the next question MacBook Air esc F2 Date Accounts and Explanation Debit Credit 2019 Dec. 31 Requirement 2. Considering the given transactions only, what are Carlton Video Productions total liabilities on December 31, 2019? The total liabilities of Carlton Video Productions on December 31, 2019 are S Choose from any list or enter any number in the input fields and then continue to the next question MacBook Air 90 esc F2 F3 # 3 $ 4 % 5 & 7 6 8 2 D Y