The following transactions of Smith Phamades occurred during 2004 and 2025 (Click the icon to view the transactions.) Read the requirements Requirement 1. Joumalize the transactions in the Smith Pharmacies general journal. Round all answers to the newest dolar. Explanations are not required cord de fest, then credits Exude all answers to the nearest dollar) 1. Each payment cans of $45,000 pricbal plus one yea Mar 1, 2024: Bonowed $315,000 from Margate Bank. The seven year, 15% note requires payments due annually Date 2024 Mar 1 Cash Notes Payable Accounts Debit Credit 315000 315000 Dec 1, 2024 Mortgaged the warehouse for $200,000 cash with Saban Bank. The mortgage requires monthly payments of $4,000. The i Date 2024 Dec. 11 Cash Mortgage Payable Accounts Debit Cred 200000 200000 Submit test and scores monthly The first 1.2006 Next Dec. 31, 2024: Recorded interest accrued on the Saban Bank note. Date 2024 Dec. 31 Interest Expense Interest Payable Accounts Dec. 31, 2024: Recorded interest accrued on the Margate Bank note. Date 2024 Dec. 31 Accounts Debit Credit Debit Credit Jan. 1, 2025: Paid Saban Bank monthly mortgage payment. Date 2025 Jan. 1 Accounts Feb. 1, 2025: Paid Saban Bank monthly mortgage payment. Date 2025 Feb. 1 Accounts Mar. 1, 2025: Paid Saban Bank monthly mortgage payment. Debit Credit Debit Credit Mar. 1, 2025: Paid Saban Bank monthly mortgage payment. Date 2025 Mar. 1 Accounts Mar. 1, 2025: Paid first installment on note due to Margate Bank. Date 2025 Mar. 1 Accounts Debit Credit Debit Credit Requirement 2. Prepare the liabilities section of the balance sheet for Smith Pharmacies on March 1, 2025 after all the io Requirement 2. Prepare the labilities section of the balance sheet for Smith Pharmacies on March 1, 2025 after all the joumal entries are recorded First, prepare an amortization schedule for the Saban Bank mortgage to March 1, 2026 Prepare the schedule for the first three payments, then the s Review the related joumal entries you prepared in Requirement Beginning Balance Principal Payment Interest Expense Total Payment Ending Balance 12/01/2024 1/01/2025 2/01/2025 3/01/2025 4/01/2025 5/01/2025 6/01/2025 7/01/2025 8/01/2025 9/01/2025 10/04/20 Round your 12/01/2024 1/01/2025 2/01/2025 3/01/2025 4/01/2025 5/01/2025 6/01/2025 7/01/2025 8/01/2025 9/01/2025 10/01/2025 11/01/2025 12/01/2025 1/01/2026 2/01/2026 3/01/2026 Now prepare the liabilities section of the balance sheet for Smith Pharmacies on March 1, 2025. (If a box is not used in the table le Review the amortization schedule you prepared above. Smith Pharmacies Balance Sheet (Partial) March 1, 2025 Liabilities Review the amortization schedule you prepared above. Smith Pharmacies Balance Sheet (Partial) March 1, 2025 Liabilities