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The following transactions of Wholesale Pharmacies occurred during 2018 and 2019: (Click the icon to view the transactions.) Read the requirements. Requirement 1. Journalize the
The following transactions of Wholesale Pharmacies occurred during 2018 and 2019: (Click the icon to view the transactions.) Read the requirements. Requirement 1. Journalize the transactions in the Wholesale 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.) Mar. 1, 2018: Borrowed $275,000 from Bartow Bank. The five-year, 6% note requires payments due annually, on March 1 . Each payment consists of $55,000 principal plus one year's interest. Debit Date 2018 Mar. 1 Accounts Credit Dec. 1, 2018: Mortgaged the warehouse for $300,000 cash with Sandi Bank. The mortgage requires monthly payments of $7,000. The interest rate on the note is 12% and accrues monthly. The first payment is due on January 1, 2019. Date Accounts Debit Credit Choose from any list or enter any number in the input fields and then continue to the next question The following transactions of Wholesale Pharmacies occurred during 2018 and 2019: (Click the icon to view the transactions.) Read the requirements. Requirement 1. Journalize the transactions in the Wholesale 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.) Mar. 1, 2018: Borrowed $275,000 from Bartow Bank. The five-year, 6% note requires payments due annually, on March 1 . Each payment consists of $55,000 principal plus one year's interest. Debit Date 2018 Mar. 1 Accounts Credit Dec. 1, 2018: Mortgaged the warehouse for $300,000 cash with Sandi Bank. The mortgage requires monthly payments of $7,000. The interest rate on the note is 12% and accrues monthly. The first payment is due on January 1, 2019. Date Accounts Debit Credit Choose from any list or enter any number in the input fields and then continue to the next
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