Question

The following transactions of Smith Pharmacies occurred during 2016 and 2017 (Click the icon to view the transactions) 1. Joumalze the transactions in the Smch Pharmacies general joumal. Round all answers to the nearest dollar. Explanations are not required 2 Prepare the labities section ef the balance sheet for Smith Phiarmacies en March 1, 2017 af.er all the jounal entries are reccrded Requirement 2. Prepare the liabilities section of the balance sheet for Smich Pharmacies on March 1, 2017 after all the journal entries are recorded First, prepare an amortization schedule for the Saer Bank mortgage to March 1, 2018. Prepare the schedule for the frst three payments, then the remaining months one at a time. (Round your answers to the nearest whole dollar.) Review the related jcurnal entries you prepared in Requiremert 1 Beginning Principa nterest Total Ending Balance Payment Expense Payment Balance $ 200,000 198,033 197,656 196.468 195,269 12/01/2016 01/2017 200,000 $ 2/01/2017 V01/2017 4 01/2017 5/01/2017 1,167 $ 1,033$3.000 1,823 1,812 1,801 1,790 1,177 1,188 1.199 198,833 197,656 156,468 3,000 3,000 3,000 3,000 Enter any number in the edit fields and then click Check Answer

Answer 1

	Beginning balance	Principal payment	Interest expense	Total payment	Ending balance
12/1/2016					200000
1/1/2017	200000	1167	1833	3000	198833
2/1/2017	198833	1177	1823	3000	197656
3/1/2017	197656	1188	1812	3000	196468
4/1/2017	196468	1199	1801	3000	195269
5/1/2017	195269	1210	1790	3000	194059

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