P-F:14-33A Preparing an amortization schedule and recording mortgages payable entries e following transactions of Johnson Pharmacies occurred during 2024 and 2025: 2024 Mar. 1 Borrowed $450,000 from Coconut Creek Bank. The 15-year, 5% note requires payments due annually, on March 1. Each payment consists of $30,000 principal plus one years interest. Dec. 1 Mortgaged the warehouse for $250,000 cash with Saputo Bank. The mortgage requires monthly payments of $8,000. The interest rate on the note is 12% and a