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Medical Dispensary borrowed $900,000 on January 2, 2024, by issuing a 12% serial bond payable that must be paid in three equal annual installments plus
Medical Dispensary borrowed $900,000 on January 2, 2024, by issuing a 12% serial bond payable that must be paid in three equal annual installments plus interest for the year. The first payment of principal and interest comes due January 2, 2025. Complete the missing information. Assume bonds are issued at face value. (For accounts with a $0 balance, make sure to enter "0" in the appropriate cell.) Current Liabilities: Bonds Payable Interest Payable Long-Term Liabilities: Bonds Payable December 31 2024 2025 2026 Finney Corporation has the following data as of December 31, 2024: Total Current Liabilities Total Current Assets Long-term Liabilities $ 45,380 Total Stockholders' Equity 35,720 Other Assets 175,455 Property, Plant, and Equipment, Net $ ? 45,600 291,815 Compute the debt to equity ratio at December 31, 2024. (Round your answer to two decimal places, X.XX.) = Debt to equity ratio Requirements 1. Journalize the transactions in the Wholesale Pharmacies general journal. Round to the nearest dollar. Explanations are not required. 2. Prepare the liabilities section of the balance sheet for Wholesale Pharmacies on March 1, 2025 after all the journal entries are recorded. The following transactions of Wholesale Pharmacies occurred during 2024 and 2025: (Click the icon to view the transactions.) Read the requirements. Requirement 1. Journalize the transactions in the Wholesale Pharmacies general journal. Round all answers to the nearest dollar. Explanations are not required. (Record debits first, then credits. Exclude explanations from any journal entries. Round all answers to the nearest dollar.) Mar. 1, 2024: Borrowed $450,000 from Nelson Bank. The nine-year, 6% note requires payments due annually, on March 1. Each payment consists of $50,000 principal plus one year's interest. Date Accounts Debit Credit 2024 Mar. 1
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