Question 1, EF12-18 (si... = Homework: Pre-Homework Chapter 12 > HW Score: 0%, 0 of 10 points O Points: 0 of 5 Part 1 of 5 Consider the following note payable transactions of Caddell 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 Caddell Video Productions' total liabilities on December 31, 2025? Requirement 1. Journalize the transactions for the company. (Record debits first, then credits. Select explanations on the last line of the journal entry.) Jun. 1, 2024: Purchased equipment costing $176,000 by issuing an eight-year, 6% note payable. The note requires annual principal payments of $22,000 plus interest each June 1. Date Accounts and Explanation Debit Credit 2024 Jun. 1