The following transactions of Wholesale Pharmacies occurred during 2024 and 2025: (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. Round all answers to the nearest dollar.) Mar. 1, 2024: Borrowed $225,000 from Nelson Bank. The five-year, 13% note requires payments due annually, on March 1. Each payment consists of $45,000 principal plus one year's interest. Date Accounts Debit Credit 2024 Mar. 1 More info Mar. 1, 2024 Dec. 1, 2024 Requirements Dec. 31, 2024 Dec. 31, 2024 Borrowed $225,000 from Nelson Bank. The five-year, 13% note requires payments due annually, on March 1. Each payment consists of $45,000 principal plus one year's interest. Mortgaged the warehouse for $300,000 cash with Saban Bank. The mortgage requires monthly payments of $9,000. The interest rate on the note is 3% 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 Nelson 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 Nelson Bank. Jan. 1. 2025 Feb. 1, 2025 1. Journalize the transactions in the Wholesale Pharmacies general journal. Round to the nearest dollar. Explanations 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. Mar. 1, 2025 Mar. 1, 2025 Print Done Print Done