Requirement Journalize the transactions in the Green 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. Ro all answers to the nearest dollar) Mar. 1, 2024: Borrowed 5245.000 from Lessburg Bank. The seven-year, 6% note requires payments due annually, on March 1. Each payment consists of $35,000 principal plus one year's interest. Date Accounts Deblt Credit 2024 Mar. 1 245000 Il Cash Notes Payable 245000 Dec. 1, 2024: Mortgaged the warehouse for $600,000 cash with Sage Bank. The mortgage requires monthly payments of $4,000. The interest rate on the note is 3% and accrues monthly. The first payment is due on January 1, 2025. Date Accounts Debit Credit 2024 Dec. 1 600000 Cash Mortgage Payable 600000 Dec 31, 2024: Recorded interest accrued on the Sage Bank note Date Accounts Debit Credit Choose from any list or enter any number in the input fields and then continue to the next question. Dec. 31, 2024: Recorded interest accrued on the Sage Bank note. Date Accounts Debit Credit 2024 Dec. 31 Interest Expense 18000 Interest Payable 18000 Dec. 31, 2024: Recorded interest accrued on the Lessburg Bank note. Date Accounts Debit Credit 2024 Dec. 31 12250 Interest Expense Interest Payable 12250 Jan. 1, 2025: Paid Sage Bank monthly mortgage payment. Date Accounts Debit Credit 2025 Jan. 1 Interest Payable Mortgage Payable Choose from any list or enter any number in the input fields and then continue to the next question. Jan. 1, 2025: Paid Sage Bank monthly mortgage payment. Date Accounts Debit Credit 2025 Jan. 1 Interest Payable Mortgage Payable Cash Feb. 1, 2025: Paid Sage Bank monthly mortgage payment. Date Accounts Debit Credit 2025 Feb. 1 Interest Expense Mortgage Payable Cash Mar. 1, 2025: Paid Sage Bank monthly mortgage payment. Date Accounts Debit Credit 2025 Mar. 1 Interest Expense Mortgage Payable Choose from any list or enter any number in the input fields and then continue to the next question. Mar. 1, 2025: Paid Sage Bank monthly mortgage payment. Date Accounts Debit Credit 2025 Mar. 1 Interest Expense Mortgage Payable Cash Mar. 1, 2025: Paid first installment on note due to Lessburg Bank. Date Accounts Debit Credit 2025 Mar. 1 Interest Payable Interest Expense Notes Payable Cash Requirement 2. Prepare the liabilities section of the balance sheet for Green Pharmacies on March 1, 2025 after all the journal entries are recorded. First, prepare an amortization schedule for the Sage Bank mortgage to March 1, 2026. 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. Review the related journal entries you prepared in Requirement 1. Beginning Interest Total Ending Principal Payment Balance Expense Payment Balance 12/01/2024 1/01/2025 2/01/2025 3/01/2025 4/01/2025 5/01/2025 6/01/2025 7/01/2025 8/01/2025 9/01/2025 10/01/2025 11/01/2025 12/01/2025 1/01/2026 2/01/2026 3/01/2026 Now prepare the liabilities section of the balance sheet for Green Pharmacies on March 1, 2025. (If a box is not used in the table leave the box empty; do not select a label or enter a zero.) Review the amortization schedule you prepared above. Green Pharmacies Balance Sheet (Partial) March 1, 2025 Liabilities Current Liabilities: Mortgage Payable Total Current Liabilities Long-term Liabilities: Total Long-term Liabilities Total Liabilities Requirement Journalize the transactions in the Green 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. Ro all answers to the nearest dollar) Mar. 1, 2024: Borrowed 5245.000 from Lessburg Bank. The seven-year, 6% note requires payments due annually, on March 1. Each payment consists of $35,000 principal plus one year's interest. Date Accounts Deblt Credit 2024 Mar. 1 245000 Il Cash Notes Payable 245000 Dec. 1, 2024: Mortgaged the warehouse for $600,000 cash with Sage Bank. The mortgage requires monthly payments of $4,000. The interest rate on the note is 3% and accrues monthly. The first payment is due on January 1, 2025. Date Accounts Debit Credit 2024 Dec. 1 600000 Cash Mortgage Payable 600000 Dec 31, 2024: Recorded interest accrued on the Sage Bank note Date Accounts Debit Credit Choose from any list or enter any number in the input fields and then continue to the next question. Dec. 31, 2024: Recorded interest accrued on the Sage Bank note. Date Accounts Debit Credit 2024 Dec. 31 Interest Expense 18000 Interest Payable 18000 Dec. 31, 2024: Recorded interest accrued on the Lessburg Bank note. Date Accounts Debit Credit 2024 Dec. 31 12250 Interest Expense Interest Payable 12250 Jan. 1, 2025: Paid Sage Bank monthly mortgage payment. Date Accounts Debit Credit 2025 Jan. 1 Interest Payable Mortgage Payable Choose from any list or enter any number in the input fields and then continue to the next question. Jan. 1, 2025: Paid Sage Bank monthly mortgage payment. Date Accounts Debit Credit 2025 Jan. 1 Interest Payable Mortgage Payable Cash Feb. 1, 2025: Paid Sage Bank monthly mortgage payment. Date Accounts Debit Credit 2025 Feb. 1 Interest Expense Mortgage Payable Cash Mar. 1, 2025: Paid Sage Bank monthly mortgage payment. Date Accounts Debit Credit 2025 Mar. 1 Interest Expense Mortgage Payable Choose from any list or enter any number in the input fields and then continue to the next question. Mar. 1, 2025: Paid Sage Bank monthly mortgage payment. Date Accounts Debit Credit 2025 Mar. 1 Interest Expense Mortgage Payable Cash Mar. 1, 2025: Paid first installment on note due to Lessburg Bank. Date Accounts Debit Credit 2025 Mar. 1 Interest Payable Interest Expense Notes Payable Cash Requirement 2. Prepare the liabilities section of the balance sheet for Green Pharmacies on March 1, 2025 after all the journal entries are recorded. First, prepare an amortization schedule for the Sage Bank mortgage to March 1, 2026. 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. Review the related journal entries you prepared in Requirement 1. Beginning Interest Total Ending Principal Payment Balance Expense Payment Balance 12/01/2024 1/01/2025 2/01/2025 3/01/2025 4/01/2025 5/01/2025 6/01/2025 7/01/2025 8/01/2025 9/01/2025 10/01/2025 11/01/2025 12/01/2025 1/01/2026 2/01/2026 3/01/2026 Now prepare the liabilities section of the balance sheet for Green Pharmacies on March 1, 2025. (If a box is not used in the table leave the box empty; do not select a label or enter a zero.) Review the amortization schedule you prepared above. Green Pharmacies Balance Sheet (Partial) March 1, 2025 Liabilities Current Liabilities: Mortgage Payable Total Current Liabilities Long-term Liabilities: Total Long-term Liabilities Total Liabilities