The following transactions of Smith Pharmacies occurred during 2018 and 2019: (Click the icon to view the transactions.) Read the requirements. 2019 Mar. 1 Interest Expense Mortgage Payable Cash Mar. 1, 2019: Paid first installment on note due to Niceville Bank. Date 2019 Mar. 1 Interest Expense Interest Payable Notes Payable Cash Accounts 2,747 253 3,000 Debit Credit 15,000 75,000 50,000 140,000 Requirement 2. Prepare the liabilities section of the balance sheet for Smith Pharmacies on March 1, 2019 after all the journal entries are recorded. First, prepare an amortization schedule for the Sage Bank mortgage to March 1, 2020. Prepare the schedule for the first three payments, then the remaining months one at a time. (Round your a Review the related journal entries you prepared in Requirement 1. Beginning Balance Principal Payment Interest Expense Total Ending Payment Balance 12/01/2018 1/01/2019 2/01/2019 3/01/2019 Enter any number in the edit fields and then click Check Answer. parts 13 remaining Clear All Journal Entries Date Accounts Debit Credit 2018 Dec. 1 Cash Mortgage Payable Dec. 31 Interest Expense Interest Payable 550,000 550,000 2,750 2,750 2019 Jan. 1 Interest Payable 2,750 Mortgage Payable 250 Cash 3,000 Feb. 1 Interest Expense 2,749 Mortgage Payable 251 Cash 3,000 Mar. 1 Interest Expense 2,747 Mortgage Payable 253 Cash 3,000 Print Done Check Answer