Ved Requirement 1. Journie the transactions in the Discount Pharmacies general joumal Round answers to the newest dolor Explanations are not required Records fest, then des Europos Mar 1 2074 Bonowed 360.000 from Mon Bank. The 12-year not requires payments de annually on March 1 Each payment consists of $30,000 people years Accounts Debat Credit Date 2024 Me 1 360.000 Cash Notes Payable Bet 1.2004 Mortgaged the warehouse for $350,000 cash with Sawyer Blank. The mortgage requires monthly payments of $5,000. The interest rate on the rate is 1 and actes more the first payment is due en dan Accounts Debit Credit Date 2024 Dec 1 350.000 Mortgage Payable 350,000 Dec 31, 2024 Recorded interest accrued on the Sawyer Banknote 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 Discount Pharmacies occurred during 2024 and 2025 (Click the icon to view the transactions) Read the requirements Dec 31, 2024. Recorded interest accrued on the Sawyer Bank note Date Accounts Debit Credit 2024 Dec 31 Interest Expense Interest Payable 23,333 23,333 Dec 31, 2024: Recorded interest accrued on the Milton Bank note Date Accounts Debit Credit 2024 Dec 31 180,000 Interest Expense Interest Payable 180,000 Jan 1, 2025: Paid Sawyer Bank monthly mortgage payment Date Accounts Debit Credit 2025 Choose from any list or enter any number in the input fields and then continue to the next question The following transactions of Discount Pharmacies occurred during 2024 and 2025 (Click the icon to view the transactions) Read the requirements Interest Payable 180,000 Jan 1, 2025: Paid Sawyer Bank monthly mortgage payment Date Accounts Debit Credit 2025 Jan 1 Mortgage Payable Interest Payable Cash 4,500 3,500 5,000 Feb. 1.2025: Paid Sawyer Bank monthly mortgage payment. Date Accounts Debit Credit 2025 Feb. 1 Mortgage Payable Interest Expense Cash 5,000 Mar 1, 2025: Paid Sawyer Bank monthly mortgage payment Choose from any list or enter any number in the input fields and then continue to the next question (Click the icon to view the transactions) Read the requirements Interest Expense Cash 5,000 Mar. 1 2025: Paid Sawyer Bank monthly mortgage payment Date Accounts Debit Credit 2025 Mar 1 Mortgage Payable Interest Expense Cash 5,000 Mar 1, 2025: Paid first installment on note due to Milton Bank Date Accounts Debit Credit 2025 Mar 1 Interest Payable Interest Expense Cash 5,000 Requirement 2. Prepare the liabilities section of the balance sheet for Discount Pharmacies on March 1, 2025 after all the journal entrie- Choose from any list or enter any number in the input fields and then continue to the next question Requirement 2. Prepare the liabilities section of the balance sheet for Discount Pharmacies on March 1, 2025 after all the journal entries are recorded. First, prepare an amortization schedule for the Sawyer Bank mortgage to March 1, 2026. Prepare the schedule for the first three payments, then the remaining mo Review the related journal entries you prepared in Requirement 1 Beginning Principal Interest Total Ending Balance Payment Expense Payment Balance 12/01/2024 $350,000 1/01/2025 $350,000 $4,500 $1,400 $5,000 2/01/2025 $345,500 $5,000 3/01/2025 $5,000 4/01/2025 $5,000 5/01/2025 $5,000 6/01/2025 $5,000 7/01/2025 $5,000 8/01/2025 $5,000 9/01/2025 $5,000 10/01/2025 $5,000 11/01/2025 $5,000 4 $5000ll Choose from any list or enter any number in the input fields and then continue to the next
