The following transactions of Discount Pharmacies occurred during 2018 and 2019: (Click the icon to view the transactions.) Read the requirements. Requirement 1. Journalize the transactions in the Discount 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 $375,000 from Naples Bank. The 15-year, 13% note requires payments due annually, on March 1. Each payment consists of $25,000 principal plus one year's interest. Date 2018 Mar. 1 Cash Notes Payable Accounts Debit Credit 375,000 375,000 Dec. 1, 2018: Mortgaged the warehouse for $350,000 cash with Saban Bank. The mortgage requires monthly payments of $2,000. The interest rate on the note is 4% and accrues monthly. The first payment is due on January 1, 2019. Date Accounts Debit Credit 2018 Dec. 1 Cash Mortgage Payable Dec. 31, 2018: Recorded interest accrued on the Saban Bank note. Date 2018 Accounts 350,000 350,000 Debit Credit Dec. 31 Interest Expense 1,167 Interest Payable 1,167 Choose from any list or enter any number in the input fields and then click Check Answer. The following transactions of Discount Pharmacies occurred during 2018 and 2019: (Click the icon to view the transactions.) Read the requirements. Dec. 1, 2018: Mortgaged the warehouse for $350,000 cash with Saban Bank. The mortgage requires monthly payments of $2,000. The interest rate on the note is 4% and accrues monthly. The first payment is due on January 1, 2019. Date Accounts Debit Credit 2018 Dec. 1 Cash Mortgage Payable Dec. 31, 2018: Recorded interest accrued on the Saban Bank note. Date 2018 Dec. 31 Interest Expense Interest Payable Accounts Dec. 31, 2018: Recorded interest accrued on the Naples Bank note. Date 2018 Dec. 31 Interest Expense Interest Payable Accounts 350,000 350,000 Debit Credit 1,167 1,167 Debit Credit Choose from any list or enter any number in the input fields and then click Check