Question: March 1 , 2 0 2 5 Borrowed $ 1 , 0 5 0 , 0 0 0 from Margate Bank. The 1 5 -

March 1,2025
Borrowed $1,050,000 from Margate Bank. The 15-year, 13% note requires payments due annually, on March 1. Each payment consists of $70,000 principal plus one year's interest.
December 1,2025
Mortgaged the warehouse for $400,000 cash with Saputo Bank. The mortgage requires monthly payments of $2,000. The interest rate on the note is 4% and accrues monthly. The first payment is due on January 1,2026.
Amortization schedule is for Saputo Bank loan.
Now prepare the liabilities section of the balance sheet for Bruno Manufacturing on March 1,2026.
Please help me complete proper amounts for white boxes on balance sheet.
March 1 , 2 0 2 5 Borrowed $ 1 , 0 5 0 , 0 0 0

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