= Homework: Chapter 12 Homework The following transactions of Jackson Pharmacies occurred during 2024 and 2025: (Click the icon to view the transactions.) Read the requirements. Question 2, PF Part 2 Amortization Schedule Beginning Balance Principal Interest Payment Expense Total Payment Ending Balance 12/01/2024 S 350,000 Requirements 1/01/2025 $ 350,000 $ 4,125 $ 875 $ 5,000 345,875 2/01/2025 345,875 4,135 865 5,000 341,740 3/01/2026 291 3/01/2025 341,740 4,146 854 5,000 337,594 Now prepare the liabilitie 1. Journalize the transactions in the Jackson Pharmacies general journal. Round to the nearest dollar. Explanations are not required. 4/01/2025 337,594 4,156 844 5,000 333,438 Review the amortization 2. Prepare the liabilities section of the balance sheet for Jackson Pharmacies on March 1, 2025 after all the journal entries are recorded. 5/01/2025 333,438 4,166 834 5,000 329,272 6/01/2025 329,272 4,177 823 5,000 325,095 7/01/2025 325,095 4,187 813 5,000 320,908 8/01/2025 320,908 4,198 802 5,000 316,710 Print Done 9/01/2025 316,710 4,208 792 5,000 312,502 Current Liabilities: 10/01/2025 312,502 4,219 781 5,000 308,283 Current Portion of 11/01/2025 308,283 4,229 771 5,000 304,054 12/01/2025 304,054 4,240 760 5,000 299,814 1/01/2026 299,814 4,250 750 5,000 295,564 2/01/2028 295,564 4,261 739 5,000 291,303 3/01/2026 291,303 4,272 728 5,000 287,031 Print Done