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& P12-32A (similar to) The following transactions of Smith Pharmacies occurred during 2018 and 2019: (Click the icon to view the transactions) Read the requirements Requirement 1. Journalize the transactions in the Smith Pharmacies general joumal. Round all answers to the nearest dolar. Explanations are not required. (Record debits first, then credits. Exclude explanations from any journal entries.) Mar. 1. 2018. Borrowed S420.000 from Lessburg Bank. The 12-year, 14% note requres payments due annually, on March 1 . Each payment consists of $35,000 principal plus one year's interest. Date 2018 Mar. 1 Cash Debit Credit 420.000 Notes Payable 420,000 Dec. 1, 2018: Mortgaged the warehouse for $350,000 cash with Sandi Bank. The mortgage requres monthly payments of S9.000 The interest rate on the note is 5% and accrues monthly. The rst payment is due on January 1 2019. Date 2018 Dec. 1 Notes Payable Debit Credit 35000 Interest Expense 58800 1. Joumalize the transactions in the Smith Pharmacies general journal. Round to Cash 93800 the nearest dollar. Explanations are Prepare the liabilities section of the balance sheet for Smith Pharmacies on March 1, 2019 after all the journal entries are recorded. not required 2. Print Done Choose from any list or enter any number in the input fields and then click Check