Journalizing liability transactions and reporting them on the balance sheet The following transactions of Emergency Pharmacies occurred during 2016 and 2017:
1. Journalize the transactions in the Emergency Pharmacies general journal. Round all answers to the nearest dollar. Explanations are not required.
2. Prepare the liabilities section of the balance sheet for Emergency Pharmacies on March 1, 2017 after all the journal entries are recorded.
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