Question Help Consider the following note payable transactions of Caroll 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 Caroll Video Productions' total liabilities on December 31, 2025? - Requirement 1. Journalize the transactions for the company. (Record debits first, the credits. Select explanations on the last line of the joumat entry) Apr. 1. 2024: Purchased equipment costing $56,000 by issulng a seven-year, 13% note payable. The note requires annual principal payments of $8,000 plus interest each April 1. Date Accounts and Explanation Debit Credit 2024 Apr 1 ol: odu an Decambar 24120252 i More Info Apr. 1, 2024 Dec. 31, 2024 Purchased equipment costing $56,000 by issuing a seven-year, 13% note payable. The note requires annual principal payments of $8,000 plus interest each April 1. Accrued interest on the note payable. Paid the first installment on the note. Accrued interest on the note payable. Apr. 1, 2025 Dec. 31, 2025 Print Done