This Question: 1 pt 6 of 15 (0 complete) Consider the following note payable transactions of Campbell Video Productions, (Click the icon to view the transactions.) Requirements 1. Journalize the transactions for the company 2. Considering the given transactions only, what are Campbell Video Productions' total liabilities on December 31, 2019? Requirement 1. Journalize the transactions for the company. (Record debits first, then credits. Select explanations on the last line of the journal entry) May 1, 2018: Purchased equipment costing $98.000 by issuing an eight-year, 8% note payable. The note requires annual principal payments of S12.000 plus interest each May 1. Date Accounts and Explanation Debit Credit 2018 May 1 Cash Equipment Interest Expense Interest Payable Dec 31, 201 Interest Revenue Notes Payable Date Debit Credit 2018 Dec. 31 - X i More Info May 1, 2010: Paid the first installment on the note Date Accounts and Explanation Debit Credit 2018 May 1 Purchased equipment costing 895,000 by issuing an eight-year. 6% note payable. The note requires annual principal payments of $12,000 plus interest each May 1. Dec. 31 Accrued interest on the note payable 2019 May 1 Paid the first installment on the note. Dec. 31 Accrued interest on the note payable. 2019 May 1 Print Done Dec 31, 2019 Accrued interest on the note payable. Date Accounts and Explanation Debit Credit 2010 Dec 31 Requirement 2. Considering the given transactions only, what are Campbell Video Productions total liabilities on December 31, 2019? The total liabilities of Campbell Video Productions on December 31, 2019 are $ Choose from any list or enter any number in the input fields and then continue to the next