Beginning Principal Interest Total Ending

Question

Balance Payment Expense Payment Balance
12/01/2024 $350,000
1/01/2025 $350,000 $2,958 $2,042 $5,000 347,042
2/01/2025 347,042 2,976 2,024 5,000 344,066
3/01/2025 344,066 2,993 2,007 5,000 341,073
4/01/2025 341,073 3,010 1,990 5,000 338,063
5/01/2025 338,063 3,028 1,972 5,000 335,035
6/01/2025 335,035 3,046 1,954 5,000 331,989
7/01/2025 331,989 3,063 1,937 5,000 328,926
8/01/2025 328,926 3,081 1,919 5,000 325,845
9/01/2025 325,845 3,099 1,901 5,000 322,746
10/01/2025 322,746 3,117 1,883 5,000 319,629
11/01/2025 319,629 3,135 1,865 5,000 316,494
12/01/2025 316,494 3,154 1,846 5,000 313,340
1/01/2026 313,340 3,172 1,828 5,000 310,168
2/01/2026 310,168 3,191 1,809 5,000 306,977
3/01/2026 306,977 3,209 1,791 5,000 303,768

Now prepare the liabilities section of the balance sheet for Right Aid Pharmacies on March ​1, 2025

Answer 1

To prepare the liabilities section of the balance sheet for Right Aid Pharmacies on March 1, 2025, we need to focus on what liabilities exist as of that date. Given the amortization information provided, it appears that the only liability listed is the outstanding principal balance of the loan.

Right Aid Pharmacies

Balance Sheet (Partial)

As of March 1, 2025

Liabilities

• Long-term Debt (Loan)

  • Principal Balance: $341,073

• Total Liabilities: $341,073

This indicates that the only liability for Right Aid Pharmacies as of March 1, 2025, is the remaining loan principal of $341,073. No other liabilities are provided in the information, so this will be the total for the liabilities section.