= Homework: ACC250 Topic 7 Assignment - TOIOL More info The following transactions of Green Pharmacies occurred during 2018 and 2019: (Click the icon to view the transactions.) Read the requirements Mar. 1, 2018 4.UUU interest Expense Notes Payable Cash 20,000 Dec. 1, 2018 Dec. 31, 2018 Borrowed $160,000 from Milton Bank. The eight-year, 15% note requires payments due annually, on March 1. Each payment consists of $20,000 principal plus one year's interest. Mortgaged the warehouse for $450,000 cash with Sammon Bank. The mortgage requires monthly payments of $5,000. The interest rate on the note is 12% and accrues monthly. The first payment is du on January 1, 2019 Recorded interest accrued on the Sammon Bank note. Recorded interest accrued on the Milton 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 Milton Bank Dec. 31, 2018 Jan. 1, 2019 Feb. 1, 2019 Mar. 1, 2019 Requirement 2. Prepare the liabilities section of the balance sheet for Green Pharmacies First, prepare an amortization schedule for the Sammon Bank mortgage to March 1, 2020. dollar) Review the related journal entries you prepared in Requirement 1. Beginning Principal Interest Total Ending Balance Payment Expense Payment Balance 12/01/2018 1/01/2019 Mar. 1, 2019 - X Requirements 2/01/2019 3/01/2019 1. Journalize the transactions in the Green Pharmacies general journal. Round to the nearest dollar. Explanations are not required. 2. Prepare the liabilities section of the balance sheet for Green Pharmacies on March 1, 2019 after all the journal entries are recorded. Help me solve this Etext pages Get more help k