> Module 8 > HW CH12 Table of Contents HW CH12 A0 Kmoi Winter-Bell & 8/12/19 9:16 Principles of Accounting I ACC-201-OL02 Homework: HW CH12 % , 36.3 of 1 HW Score: 36.3 3 of 3 (2 complete) Score: 3.3 of 34 pts Question Help P12-32A (similar to) The following transactions of Right Aid Pharmacies occurred during 2018 and 2019 Click the icon to view the transactions.) Read the requirements. Requirement 1. Journalize the transactions in the Right Aid 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.) Mar. 1, 2018: Borrowed $675,000 from Naples Bank. The 15-year, 10 % note requires payments due annually, on March 1. Each payment consists of $45,000 principal plus one year's interest Credit Debit Accounts Date 2018 Mar 1 Choose from any list or enter any number in the input fields and then click Check Answer Check Answer Clear All 21 femaining parts X More Info 2018 Mar. 1 Borrowed $675,000 from Naples Bank. The 15-year, 10% note requires payments due annually, on March 1. Each payment consists of $45,000 principal plus one year's interest Mortgaged the warehouse for $600,000 cash with Sadler Bank. The mortgage requires monthly payments of $6,000. The interest rate on the note is 3% and accrues monthly. The first payment is due on January 1, 2019. 31 Recorded interest accrued on the Sadler Bank note 31 Recorded interest accrued on the Naples Bank note. 2019 Jan. 1 Paid Sadler Bank monthly mortgage payment Feb. 1 Paid Sadler Bank monthly mortgage payment Mar, 1 Paid Sadler Bank monthly mortgage payment 1 Paid first installment on note due to Naples Bank Dec. 1 Requirements i 1. Journalize the transactions in the Right Aid Pharmacies general journal. Round to the nearest dollar. Explanations are not required 2. Prepare the liabilities section of the balance sheet for Right Aid Pharmacies on March 1, 2019 after all the journal entries are recorded. Print Done