Requirement 2. Prepare the liabilities section of the balance sheet for Johnson Pharmacies on March 1, 2019 after all the journal entries are recorded. First, prepare an amortization schedule for the Saputo Bank mortgage to March 1, 2020. Prepare the schedule for the first three payments, then the remaining months one at a time. (Round your answers to the nearest whole dollar.) Review the related journal entries you prepared in Requirement 1. Beginning Balance Principal Payment Interest Expense Total Payment Ending Balance 12/01/2018 1/01/2019 2/01/2019 3/01/2019 Requirement 1. Journalize the transactions in the Johnson 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, 2018: 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 year's interest. Date Accounts Debit Credit 2018 Mar. 1 Cash Notes Payable 450,000 450,000 Dec. 1, 2018: 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 accrues monthly. The first payment is due on January 1, 2019. Date 2018 Dec. 1 Cash Mortgage Payable Accounts Debit Credit 250,000 250,000 Dec. 31, 2018: Recorded interest accrued on the Saputo Bank note. Date 2018 Dec. 31 Interest Expense Interest Payable Accounts Dec. 31, 2018: Recorded interest accrued on the Coconut Creek Bank note. Date 2018 Dec. 31 Interest Expense Interest Payable Accounts Jan. 1, 2019: Paid Saputo Bank monthly mortgage payment. Date 2019 Jan. 1 Mortgage Payable Interest Payable Cash Accounts Debit Credit 2,500 2,500 Debit Credit 18,750 18,750 Debit Credit 5,500 2,500 8,000 Feb. 1, 2019: Paid Saputo Bank monthly mortgage payment. Date 2019 Feb. 1 Mortgage Payable Interest Expense Cash Accounts Mar. 1, 2019: Paid Saputo Bank monthly mortgage payment. Date 2019 Mar. 1 Mortgage Payable Interest Expense Cash Accounts Mar. 1, 2019: Paid first installment on note due to Coconut Creek Bank. Date 2019 Mar. 1 Interest Payable Interest Expense Notes Payable Cash Accounts Debit Credit 5,555 2,445 8,000 Debit Credit 5,611 2,389 8,000 Debit Credit 18,750 3,750 30,000 52,500