Requirements 1. Journalize the transactions in the Discount Pharmacies general journal. Round to the nearest dollar. Explanations are not required. 2. Prepare the liabilities section of the balance sheet for Discount Pharmacies on March 1, 2019 after all the journal entries are recorded. Print Done More Info 2018 Mar. 1 Borrowed $225,000 from Milton Bank. The nine-year, 5% note requires payments due annually, on March 1. Each payment consists of $25,000 principal plus one year's interest. Dec. 1 Mortgaged the warehouse for $450,000 cash with Sammon Bank. The mortgage requires monthly payments of $6,000. The interest rate on the note is 6% and accrues monthly. The first payment is due on January 1, 2019. 31 Recorded interest accrued on the Sammon Bank note. 31. Recorded interest accrued on the Milton Bank note. 2019 Jan. 1 Paid Sammon Bank monthly mortgage payment. Feb. 1 Paid Sammon Bank monthly mortgage payment. Mar. 1 Paid Sammon Bank monthly mortgage payment. 1 Paid first installment on note due to Milton Bank. Print Done Requirement 2. Prepare the liabilities section of the balance sheet for Discount Pharmacies on March 1, 2019 after all the journal entries are recorded. First, prepare an amortization schedule for the Sammon 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 Principal Interest Total Ending Balance Payment Expense Payment Balance Beginning Principal Interest Total Ending Balance Payment Expense Payment Balance 12/01/2018 1/01/2019 2/01/2019 3/01/2019 4/01/2019 5/01/2019 6/01/2019 7/01/2019 8/01/2019 9/01/2019 10/01/2019 11/01/2019 12/01/2019 Discount Pharmacies Balance Sheet (Partial) March 1, 2019 Liabilities