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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,
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
Requirement 2. Prepare the liabilities section of the balance sheet for Johnson Pharmacies on March 1,2019 after all the joumal entries are recorded. Jan. 1, 2018: Paid Saputo Bank monthly mortgage payment. Feb. 1, 2019: Paid Saputo Bank monthly mortgage payment. Mar. 1, 2019: Paid Saputo Bank monthly mortgage payment. Mar. 1, 2019: Paid first installment on note due to Coconut Creak Bank. Dec. 31, 2018: Recorded interest acorued on the Saputo Bank note. Dec. 31, 2018: Recorded interest accrued on the Coconut Creek Bank note. Requirement 2. Prepare the liabilities section of the balance sheet for Johnson Pharmacies on March 1,2019 after all the joumal entries are recorded. Jan. 1, 2018: Paid Saputo Bank monthly mortgage payment. Feb. 1, 2019: Paid Saputo Bank monthly mortgage payment. Mar. 1, 2019: Paid Saputo Bank monthly mortgage payment. Mar. 1, 2019: Paid first installment on note due to Coconut Creak Bank. Dec. 31, 2018: Recorded interest acorued on the Saputo Bank note. Dec. 31, 2018: Recorded interest accrued on the Coconut Creek BankStep by Step Solution
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