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 $180,000 from Nelson Bank. The six-year, 14% note requires payments due annually, on March 1. Each payment consists of $30,000 principal plus one year's interest. Date Accounts Debit Credit 2018 Mar. 1 More Info -X 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. 2018 Mar. 1 Borrowed $180,000 from Nelson Bank. The six-year, 14% note requires payments due annually, on March 1. Each payment consists of $30,000 principal plus one year's interest. Dec. 1 Mortgaged the warehouse for $450,000 cash with Sandi Bank. The mortgage requires monthly payments of $6,000. The interest rate on the note is 10% and accrues monthly. The first payment is due on January 1, 2019. 31 Recorded interest accrued on the Sandi Bank note. 31 Recorded interest accrued on the Nelson Bank note. 2019 Jan. 1 Paid Sandi Bank monthly mortgage payment Feb. 1 Paid Sandi Bank monthly mortgage payment. Mar. 1 Paid Sandi Bank monthly mortgage payment. 1 Paid first installment on note due to Nelson Bank Print Done Print Done Choose from any list or enter any number in the input fields and then click Check