- X Homework: Post Homework Chapter 12 More info ne following transactions of Wholesale Pharmacies occurred during 2024 and 2025: (Click the icon to view the transactions.) Dec. 1, 2024 ead the requirements. March 1. Each payment consists of $65,000 principal plus one year's interest. Mortgaged the warehouse for $200,000 cash with Sammon Bank. The mortgage requires monthly payments of S7,000. 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 Sammon Bank nole Recorded interest accrued on the Nelson Bank note. Paid Sammon Bank monthly mortgage payment. Paid Sammon Bank monthly mortgage payment. Paid Sammon Bank monthly mortgage payment. Paid first installment on note due to Nelson Bank. Dec. 31, 2024 Dec. 31, 2024 , Jan. 1. 2025 Feb 1, 2025 Mar. 1, 2025 Mar. 1. 2025 ar. 1, 2025: Paid first installment on note due to Nelson Bank. Date Accounts Debit 2025 Mar. 1 105,625 21.125 Interest Payable Interest Expense Notes Payable Cash 65.000 Print Done equirement 2. Prepare the liabilities section of the balance sheet for Wholesale Pharma rst, prepare an amortization schedule for the Sammon Bank mortgage to March 1, 2026. Prepare the schedule for the first three payments, then the remaining months one at a time. (Round your answers to the nearest whole dollar.) eview the related journal entries you prepared in Requirement 1. . Beginning Principal Interest Total Ending Balance Payment Expense Payment Balance 12/01/2024 1/01/2025 2/01/2025 3/01/2025