need help with requirement 2
Chegg Study Textbook Solutions Expert W&A Pialul HW Score: 36.3%, 36.3 of Homework: HW CH12 Score: 3.3 of 34 pts 3o3. completa) P12-32A (similar to) The following transactions of Right Aid Phamac curred during 2018 and 2018: Olick the icon to view the transaction) Read the forements Regiment 1. Joumate the transactions in the Right Ald Pharmacies general journal Round Marowers to the nearest dolar Explanations are no more (Record debts frst, then credits. Eidade explanations from anyjournal entries) Mar 2018 Borrowed 5675.000 trom Nadies Bank. The 15-year 10% not requires payments due annually on March 1. Each payment s of 545.000 principal plus one year's interest 2018 Mar 1 Choose from any list of enter any number in the input fields and then click Check Answer Check Answer 21 pamaining 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 Dec 1 Mortgaged the warehouse for 5600,000 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 nole. 31 Recorded interest accrued on the Naples Bank note. 2019 Jan. 1 Paid Sadier 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 A Requirements 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