The following transactions of Jackson Pharmacies occurred during 2024 and 2025: i (Click the icon to view the transactions.) Read the requirements. Requirement 1. Journalize the transactions in the Jackson 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, 2024: Borrowed $385,000 from Nelson Bank. The seven-year, 9% note requires payments due annually, on March 1. Each payment consists of $55,000 principal plus one year's interest. Date 2024 Mar. 1 Cash Notes Payable Accounts Debit Credit 385,000 385,000 Dec. 1, 2024: Mortgaged the warehouse for $550,000 cash with Southside Bank. The mortgage requires monthly payments of $10,000. The interest rate on the note is 5% and accrues monthly. The first payment is due on January 1, 2025. Date 2024 Dec. 1 Cash Mortgage Payable Accounts Dec. 31, 2024: Recorded interest accrued on the Southside Bank note. Date 2024 Dec. 31 Interest Expense Accounts Debit Credit 550,000 550,000 Debit Credit More info Mar. 1, 2024 Dec. 1, 2024 Dec. 31, 2024 Dec. 31, 2024 Jan. 1, 2025 Feb. 1, 2025 Mar. 1, 2025 Mar. 1, 2025 Borrowed $385,000 from Nelson Bank. The seven-year, 9% note requires payments due annually, on March 1. Each payment consists of $55,000 principal plus one year's interest. Mortgaged the warehouse for $550,000 cash with Southside Bank. The mortgage requires monthly payments of $10,000. The interest rate on the note is 5% and accrues monthly. The first payment is due on January 1, 2025. Recorded interest accrued on the Southside Bank note. Recorded interest accrued on the Nelson Bank note. Paid Southside Bank monthly mortgage payment. Paid Southside Bank monthly mortgage payment. Paid Southside Bank monthly mortgage payment. Paid first installment on note due to Nelson Bank. Print Done Requirements 1. Journalize the transactions in the Jackson Pharmacies general journal. Round to the nearest dollar. Explanations are not required. 2. Prepare the liabilities section of the balance sheet for Jackson Pharmacies on March 1, 2025 after all the journal entries are recorded. Print Done