Question He E12-18 (book/static) Consider the foliowing not payable transactions of Caleb Video Productions Click the icon to view the transactions) Requirements Journal transactions for the company Considering the given transactions only, what are Caleb Video Productions' total abilities on December 31, 2018? 1. Requirement 1. Journalize the transactions for the company. (Record debits first, then credits Select explanations on the last line of the joumal entry) Oct 1, 2016 Purchased equipment conting $80,000 by issuing a five-year, 8% note payable. The not requires annual principal payments of $16.000 plus interest each October 1 Date Accounts and Explanation Debit Credit 2018 More Info O Oct 1, 2018 Dec 31, 2018 Oct 1, 2019 Dec 31, 2019 Purchased equipment costing 580,000 by issuing a five-year 8 note Dayable. The not requires annual principal payments of $10,000 plus interest och October 1 Accrued ost on the note payable Paid the first installment on the note Accrued rest on the note payable Print Done Choose from any list of enter any number in the input fields and then click Check