The following transactions of Wholesale Pharmacies occured during 2024 and 2025:

REQUIREMENTS:

1) Journalize the transactions in the Wholesale Pharmacies general journal. Round to the nearest dollar. Explainations are not required.

2) Prepare the liabilities section of the balance sheet for Wholesale Pharmacies on March 1, 2025 after all the journal entries are recorded.

More info Mar. 1, 2024 Dec. 1, 2024 Borrowed $975,000 from Longwood Bank. The 15-year, 6% note requires payments due annually, on March 1. Each payment consists of $65,000 principal plus one year's interest Mortgaged the warehouse for S550,000 cash with Saban Bank. The mortgage requires monthly payments of $7,000. The interest rate on the note is 5% and accrues monthly. The first payment is due on January 1, 2025 Recorded interest accrued on the Saban Bank note. Recorded interest accrued on the Longwood Bank note. Dec. 31, 2024 Dec. 31, 2024 Print Done Tovoru u TCO Livorno IT TOUT VOITETO Dec. 31, 2024 Jan. 1, 2025 Feb. 1, 2025 Mar. 1, 2025 Mar. 1, 2025 Recorded interest accrued on the Longwood Bank note. Paid Saban Bank monthly mortgage payment. Paid Saban Bank monthly mortgage payment. Paid Saban Bank monthly mortgage payment. Paid first installment on note due to Longwood Bank. Print Done