Requirement 1. Journalize the transactions in the Emergency 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. Round all answers to the nearest dollar.) Mar. 1, 2024: Borrowed $400,000 from Niceville Bank. The eight- year, 10% note requires payments due annually, on March 1. Each payment consists of $50,000 principal plus one year's interest. Date Accounts Debit Credit 2024 Mar. 1 Cash 400,000 Notes Payable 400,000 Dec. 1, 2024: Mortgaged the warehouse for $500,000 cash with Sadler Bank. The mortgage requires monthly payments of $6,000. The interest rate on the note is 8% and accrues monthly. The first payment is due on January 1, 2025. Date Accounts Debit Credit 2024 Dec. 1 Cash 500,000 Mortgage Payable 500,000Dec. 31, 2024: Recorded interest accrued on the Sadler Bank note. Date Accounts Debit Credit 2024 Dec. 31 Interest Expense 3,333 Interest Payable 3,333Dec. 31, 2024: Recorded interest accrued on the Niceville Bank note. Date Accounts Debit Credit 2024 Dec. 31 Interest Expense 33,333 Interest Payable 33,333Jan. 1, 2025: Paid Sadler Bank monthly mortgage payment. Date Accounts Debit Credit 2025 Jan. 1