KP12-32A (similar to) Question Help The following transactions of Emergency Pharmacies occurred during 2018 and 2019 i (Click the icon to view the transactions.) Read the requirements Requirement 1. Journalize the transactions in the Emergency Pharmacies general jounal. Round all answers to the nearest dollar. Explanations are not required. (Record debits first, then credits. Exclude explanations from any journal entries.) Mar. 1, 2018: Borrowed $975,000 from Lessburg Bank. The 15-year, 10 % note requires payments due annually, on March 1. Each payment consists of $65,000 principal plus one year's interest. Date Accounts Debit Credit 2018 Mar. 1 Cash 975,000 Notes Pavable 975.000 Choose from any list or enter any number in the input fields and then click Check Answer Check Answer parts remaining Clear All 14 a Type here to search 2-32A (similar to Question More Info X 2018 Borrowed $975,000 from Lessburg Bank. The 15-year, 10 % note requires payments due annually, on March 1. Each payment consists of $65,000 principal plus one year's interest Mortgaged the warehouse for $200,000 cash with Southside Bank. The mortgage requires monthly payments of $5,000. The interest rate on the note is 7% and accrues monthly. The first payment is due on January 1, 2019 31 Recorded interest accrued on the Southside Bank note 31 Recorded interest accrued on the Lessburg Bank note. 2019 Jan. 1 Paid Southside Bank monthly mortgage payment Feb. 1 Paid Southside Bank monthly mortgage payment Mar. 1 Paid Southside Bank monthly mortgage payment 1 Paid first installment on note due to Lessburg Bank Mar. 1 Dec. 1 Print Done Check Answe Clear All aining a eg pe here tO search of Emergency Pharmacies occurred during 2018 and 2019: the transactions.) Requirements e the tran st, then 1. Journalize the transactions in the Emergency Pharmacies general journal. Round to the nearest dollar. Explanations are not required 2. Prepare the liabilities section of the balance sheet for Emergency Pharmacies on March 1, 2019 after all the journal entries are recorded 75,000 f terest Print Done able hter any number in the input fields and then click Check Answer Clear All X