The following transactions of Smith Pharmacies occurred during 2024 and 2025 Click the icon to view the transactions.) Read the requirements. Requirement 1. Journalize the transactions in the Smith 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 $245,000 from Niceville Bank. The seven-year, 13% note requires payments due annually, on March 1. Each payment consists of $35,000 principal plus one year's interest. Date Accounts Debit Credit 2024 Mar 1 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 $245,000 from Niceville Bank. The seven-year, 13% note requires payments due annually, on March 1. Each payment consists of $35,000 principal plus one year's interest Mortgaged the warehouse for $350,000 cash with Sage Bank. The mortgage requires monthly payments of $10,000. The interest rate on the note is 9% and accrues monthly. The first payment is due on January 1, 2025. Recorded interest accrued on the Sage Bank note Recorded interest accrued on the Niceville Bank note. Paid Sage Bank monthly mortgage payment Paid Sage Bank monthly mortgage payment, Paid Sage Bank monthly mortgage payment Paid first installment on note due to Niceville Bank Requirements 1. Journalize the transactions in the Smith Pharmacies general journal. Round to the nearest dollar. Explanations are not required. 2. Prepare the liabilities section of the balance sheet for Smith Pharmacies on March 1, 2025 after all the journal entries are recorded