= Homework: Post Homework Chapter 12 Question 1, PF12-32A (s... Part 10 of 22 > HW Score: 71.64%, 14.33 of 20 points Points: 4.33 of 10 CO Save The following transactions of Wholesale Pharmacies occurred during 2024 and 2025: (Click the icon to view the transactions.) Read the requirements 19 Mar. 1, 2025: Paid first installment on note due to Nelson Bank. 1, . Date Accounts Debit Credit 2025 Mar. 1 Interest Payable Interest Expense Notes Payable Cash 105,625 21,125 65,000 191,750 Requirement 2. Prepare the liabilities section of the balance sheet for Wholesale Pharmacies on March 1, 2025 after all the journal entries are recorded. First, prepare an amortization schedule for the Sammon Bank mortgage to March 1, 2026. Prepare the schedule for the first three payments, then the remaining months one at a time. (Round your answers to the nearest whole dollar.) Review the related journal entries you prepared in Requirement 1. Beginning Principal Interest Total More info Ending Balance Payment Expenso Payment Balance 12/01/2024 $ 200,000 Mar 1, 2024 Borrowed $975,000 from Nelson Bank. The 15-year, 13% note requires payments due annually, on 1/01/2025 $ 200,000 S 6,500 S 500 $ 7,000 193,500 March 1. Each payment consists of $65,000 principal plus one year's interest Dec. 1, 2024 2/01/2025 193,500 6,516 484 7,000 Mortgaged the warehouse for $200,000 cash with Sammon Bank. The mortgage requires monthly 186,984 payments of $7,000. The interest rate on the note is 3% and accrues monthly. The first payment is due 3/01/2025 186,984 6,533 467 7,000 180,451 on January 1, 2025. Dec. 31, 2024 Recorded interest accrued on the Sammon Bank note. 4/01/2025 Dec. 31, 2024 Recorded interest accrued on the Nelson Bank note. . Jan 1, 2025 Paid Sammon Bank monthly mortgage payment. Help me solve this Etext pages Get more help Feb. 1, 2025 Pald Sammon Bank monthly mortgage payment. Mar. 1, 2025 Pald Sammon Bank monthly mortgage payment