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Can someone please help! Concord Corporation sells rock-climbing products and also operates an indoor climbing facility for climbing enthusiasts. During the last part of 2017,
Can someone please help!
Concord Corporation sells rock-climbing products and also operates an indoor climbing facility for climbing enthusiasts. During the last part of 2017, Concord had the following transactions related to notes payable Sept. Issued a $14,400 note to Pippen to purchase inventory. The 3-month note payable bears interest of 6%, and s de December Concord uses, a perpetual 1 inventory system.) Sept. 30 Oct. 1 Oct. 31 Recorded accrued interest for the Pippen note Issued a $22,800 9% 4-month note to Prim e Bank to finance the purchase of a new climbing Recorded accrued interest for the Pippen note and the Prime Bank note all or advanced climbers The notes due February . Nov. Issued a $30,000 note and paid $8,600 cash to purchase a vehicle to transport clients to nearby climbing sites as part of a new series of climbing classes. This note bears interest of 6% and matures in 12 months. Nov. 30 Recorded accrued interest for the Pippen note, the Prime Bank note, and the vehicle note. Dec Paid principal and interest on the Pippen note. Recorded accrued interest for the Prime Bank note and the vehicle note. 31 Your answer is partially correct. Try again. Prepare journal entries for the transactions noted above. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit Sept. 1 14400Step by Step Solution
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