Answered step by step
Verified Expert Solution
Question
1 Approved Answer
The following transactions of Great Value Pharmacies occumed during 2024 and 2025 (Click the icon to view the transactions.) Requirements - x More info
The following transactions of Great Value Pharmacies occumed during 2024 and 2025 (Click the icon to view the transactions.) Requirements - x More info 1. Joumalize the transactions in the Great Value Pharmacies general journal Round to the nearest dollar Explanations are not required. 2. Prepare the liabilities section of the balance sheet for Great Value Pharmacies on March 1, 2025 after all the joumal enties are recorded Print Done Dec 1.2024 Mortgaged the warehouse for $300,000 cash with Seyler Bank. The mortgage re Mar. 1, 2024 Dec 1, 2024 Dec. 31, 2024 Dec 31, 2024 12025 Feb 1, 2025 Mar 1, 2025 Mar 1, 2025 Bowed $390,000 from Bertow Bank. The six-year, 13% note requires payments due annusly, on March 1 Each payment consists of $65,000 principal plus one year's interest Mortgaged the warehouse for $350,000 cash with Saylor Bank. The mortgage requires monthly payment of $7,000 The interest rate on the note is 9% and accrues monthly The frit payment is due on January 1, 2025. Recorded anderest aconed on the Baylor Bank note Recorded indeed accrued on the aw Bank note Pad Seyor Bank monthly mortgage payment Pac Sayor Bank many morgage payment Pad Saylor bank manhly mortgage paym un nods to tow Pad Date 2004 Dec. 1 Accounts Dec 31, 2024 Recorded interet accrued in the Sayler Barke Deb Cred Print Done
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started