More Info ents alize the Sering the Interest Jun. 1. 2018 Dec. 31, 2018 Purchased equipment casting $120,000 by issuing a ten-year, 5% note payable. The note requires annual principal payments of $12,000 plus interest each June 1 Accrued interest on the note payable Paid the first installment on the note. Accrued interest on the note payable Interest Jun 1, 2019 Dec. 31, 2019 Recogni Print Done n any li Consider the following note payable transactions of Carlton Video Productions Click the icon to view the transactions.) Requirements 1. Journalize the transactions for the company 2. Considering the given transactions only, what are Carlton Video Productions' total liabilities on December 31, 2019? 2018 Dec 31 Interest Expense Interest Payable 47 Recognized accrued interest