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Could you please assist me in answering part A Oct 1 and Nov 1 account titles? Also, could you please answer part C?Thanks Marigold Corporation

Could you please assist me in answering part A Oct 1 and Nov 1 account titles? Also, could you please answer part C?Thanks

Marigold Corporation sells rock-climbing products and also operates an indoor climbing facility for climbing enthusiasts. During the last part of 2017, Marigold had the following transactions related to notes payable.

Sept. 1

Issued a $15,600note to Pippen to purchase inventory. The3-month note payable bears interest of8% and is due December 1. (Marigold uses a perpetual inventory system.)

Sept. 30

Recorded accrued interest for the Pippen note.

Oct. 1

Issued a $19,200,8%,4-month note to Prime Bank to finance the purchase of a new climbing wall for advanced climbers. The note is due February 1.

Oct. 31

Recorded accrued interest for the Pippen note and the Prime Bank note.

Nov. 1

Issued a $25,200note and paid $8,100cash to purchase a vehicle to transport clients to nearby climbing sites as part of a new series of climbing classes. This note bears interest of7% and matures in12months.

Nov. 30

Recorded accrued interest for the Pippen note, the Prime Bank note, and the vehicle note.

Dec. 1

Paid principal and interest on the Pippen note.

Dec. 31

Recorded accrued interest for the Prime Bank note and the vehicle note.

*(a)

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

Inventory

15600

Notes Payable

15600

Sept. 30

Interest Expense

104

Interest Payable

104

Oct. 1

19200

Notes Payable

19200

Oct. 31

Interest Expense

232

Interest Payable

232

Nov. 1

33300

Cash

8100

Notes Payable

25200

Nov. 30

Interest Expense

379

Interest Payable

379

Dec. 1

Interest Payable

312

Notes Payable

15600

Cash

15912

Dec. 31

Interest Expense

275

Interest Payable

275

Attempts: 2 of 2 used

*(b)

Your answer is correct.

Post the above entries to the Notes Payable, Interest Payable, and Interest Expense accounts.(Post entries in the order of journal entries posted in the previous part of the question.)

Notes Payable

12/1

15600

9/1

15600

10/1

19200

11/1

25200

12/31Bal.

44400

Interest Expense

9/30

104

10/31

232

11/30

379

12/31

275

12/31Bal.

990

Interest Payable

12/1

312

9/30

104

10/31

232

11/30

379

12/31

275

12/31Bal.

678

Attempts: 2 of 2 used

*(c)

Show the balance sheet presentation of notes payable and interest payable at December 31.

MARIGOLDCORPORATION

Balance Sheet (Partial)

$

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