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The following transactions of Jackson Pharmacies occurred during 2024 and 2025 : (Click the icon to view the transactions.) Read the requirements. Requirement 1. Journalize
The following transactions of Jackson Pharmacies occurred during 2024 and 2025 : (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. 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
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