The flowing transactions at Discount Fharmacies orci.mod during 2011 and 2:11 Click the icon to view the frames.lions. Read the NADA i Requirements Requirement 1. Journalize the transactions in the Discount Premades general joumal Round al answers to the nearest dolar Explanations are not recuired. (Record debita frst, then credis Exclude expla Mar. 1. 2018: BOTONACO $375,000 from Naples Bark. The 15 year, 13% not requires payments cue annually, on March 1. Esch payment consists of $25.000 prinspai plus one year's interest Date Accounts Debit Credit 2018 1. Journalze the transactions in the Discount Pharmacies gencraloural. Round to the nearest Hollar. Explanations are not required. 2. Prepare the liablilies section of the balance sheet for Discount Pharmacies on March 1, 2019 after all the journal entries are recorded. Mar. 1 Cael 375,000 Notes Payable 375,000 Print Done Dec. 1. 2018. Morlysged the warehouse for $350,000 cch wie Satan Bank. The mortgage requires ironty periments of 52,000. The interest role on the note is 1% and accrues monthly. The first petenti due on January 1, 2019 DADA Accounts Debit Credit 2019 Dec 1 31,000 I Cash Mortgage Payable 350,000 i More Info DAC. 21. 2012: Recorded interest acord on the Saban Barkrose. Date Accounts Debit Credit Mar. 1, 2018 2018 Dec. 31 Interest Expense Interest Feyakin 1,167 1,167 Dec. 1, 2018 Dec. 31. 2018 Dec. 31. 2013 Jan 1, 2018 Feb. 1, 2019 Mar. 1, 2019 Mar 1, 2019 Borrowed $375,000 from Naples Bank. The 15 year, 13% nole requires payments due annualy, on March 1. Each payment consists at $25,00 principal plus encycor's interest. Morlayed the warehouse for $350,000 cash with Solian Burik. The morgage required lily peryments of $2,000. The interest rate on the note is 4% and accrues monthly. The first payment is cue on January 1, 2019. Rarandad internal Accad on the Sahan Ranknota Recorded interest scored on the Naplus Bunk nule Paid Saban Bank monthly mortgage payment Paid Sahan Bank morily mortgace payment Paid Saber Bank monthly morluge payment Paid Arst instalment anno due to Naples Bank. Dec. 31, 2010: Recorded interest accrued on the Naples Bank nule. Nata || Dahil Enter any number in the edit fields and then click Check Answer. ? Read the requirements, Dec. 31, 2018: Recorded interest accrued on the Saban Bank note. Date Accounts Debit Credit 2018 Dec. 31 1,167 Interest Expense Interest Payable 1,167 Dec. 31, 2018: Recorded interest accrued on the Naples Bank note. Date Accounts Debit Credit 2018 Dec. 31 40,625 Interest Expense Interest Payable 40,625 Jan. 1, 2019: Paid Saban Bank monthly mortgage payment. Date Accounts Debit Credit 2019 Jan. 1 Interest Payable Mortgage Payable Cash 1,167 833 2,000 Read the requirements, Feb. 1, 2019: Paid Saban Bank monthly mortgage payment. Date Accounts Debit Credit 2019 Feb. 1 1,164 Interest Expense Mortgage Payable 836 Cash 2.000 Mar. 1, 2019: Paid Saban Bank monthly mortgage payment. Date Accounts Debit Credit 2019 Mar. 1 1,161 Interest Expense Mortgage Payable Cash 839 2,000 Mar. 1, 2019: Paid first installment on note due to Naples Bank. Date Accounts Debit Credit 2019 Mar. 1 8,125 Interest Expense Interest Payable 40,625 Notes Payable 25,000 Cash 73,750 Enter any number in the edit fields and then click Check Answer. Read the requirements. 2019 Mar. 1 1,161 Interest Expense Mortgage Payable Cash 839 2,000 Mar. 1, 2019: Paid first installment on note due to Naples Bank. Date Accounts Debit Credit 2019 Mar. 1 Interest Expense Interest Payable Notes Payable 8,125 40,625 25,000 Cash 73,750 Requirement 2. Prepare the liabilities section of the balance sheet for Discount Pharmacies on March 1, 2019 after all the journal entries are recorded. First, prepare an amortization schedule for the Saban Bank mortgage to March 1, 2020. Prepare the schedule for the first three payments, then the remaining months one at a time. (Round your answers to the nearest whole dollar.) Review the related journal entries you prepared in Requirement 1. Beginning Interest Total Ending Principal Payment Balance Expense Payment Balance 12/01/2018 1/01/2019 2/01/2019 3/01/2019 Enter any number in the edit fields and then click Check