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The following transactions of Johnson Pharmacies occurred during 2024 and 2025: (Click the icon to view the transactions.) Read the requirements. nearest dollar.) Mar. 1,
The following transactions of Johnson Pharmacies occurred during 2024 and 2025: (Click the icon to view the transactions.) Read the requirements. nearest dollar.) Mar. 1, 2024: Borrowed $450,000 from Coconut Creek Bank. The 15 -year, 5% note requires payments due annually, on March 1 . Each payment consists of $30,000 principal plus one year's interest. ec. 31, 2024: Recorded interest accrued on the Coconut Creek Bank note. an. 1, 2025: Paid Saputo Bank monthly mortgage payment. eb. 1, 2025: Paid Saputo Bank monthly mortgage payment. Mar. 1, 2025: Paid Saputo Bank monthly mortgage payment. Mar. 1, 2025: Paid first installment on note due to Coconut Creek Bank. Requirement 2. Prepare the liabilities section of the balance sheet for Johnson Pharmacies on March 1, 2025 after all the journal entries are recorded. Review the related journal entries you prepared in Requirement 1. More info o principal plus one year's interest. Requirements 1. Journalize the transactions in the Johnson Pharmacies general journal. Round to the nearest dollar. Explanations are not required. 2. Prepare the liabilities section of the balance sheet for Johnson Pharmacies on March 1, 2025 after all the journal entries are recorded
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