* Requirements - To 1. Journalize the transactions in the Smith Pharmacies general journal. Round to the nearest dollar. Explanations are not required. 2. Prepare the liabilities section of the balance sheet for Smith Pharmacies on March 1, 2025 after all the journal entries are recorded. Print Done Requirement 1. Joumalize the transactions in the Smith 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.) Mar. 1, 2024: Borrowed $300,000 from Margate Bank. The five-year, 13% nate requires payments due annually, on March 1. Each payment consists of $80.000 principal plus one year's interest Date Accounts Debit Credit 2024 Mar. 1 More Info - er Mar. 1, 2024 24 D.c Dec. 1, 2024 Dec. 31, 2024 Dec 31, 2024 Jan 1, 2025 Borrowed $300,000 from Margate Bank. The five-year, 13% note requires payments due annually, on March 1. Each payment consists of $60,000 principal plus one year's interest Mortgaged the warehouse for $400,000 cash with Sawyer Bank. The mortgage requires monthly payments of $3,000. The interest rate on the note is 4% and accrues monthly. The first payment is due on January 1, 2025 Recorded interest accrued on the Sawyer Bank note. Recorded interest accrued on the Margate Bank note. Paid Sawyer Bank monthly mortgage payment. Paid Sawyer Bank monthly mortgage payment Paid Sawyer Bank monthly mortgage payment Paid first installment on note due to Margate Bank. Feb. 1,2025 Mar. 1, 2025 Mar. 1, 2025 Print Done om aining Clear All Check Answer 20 DOO Dod 14 . F3 13 VO # $ % &