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Crane Corporationsellsrock climbing products and also operates an indoor climbing facility for climbing enthusiasts. During the last part of 2022. Crane had the following transactions

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Crane Corporationsellsrock climbing products and also operates an indoor climbing facility for climbing enthusiasts. During the last part of 2022. Crane had the following transactions related to notes payable Sept 1 Issued a $14.400 note to Plopen to purchase wwentory. The 3-month note payable bears interest of 7% and is due December 1 (Crare uses a perpetual inventory system) Supt. 30 Recorded accrued interest for the Pippen note Oct 1 Issued a $20,400,10%, 4-month note to Prime Bank to finance the purchase of a new climbing wall for advanced climbers. The note a due February 1 Oct. 31 Recorded accrued interest for the Pippen note and the Prime Banknote. Nov 1 issued a $26,400 note and paid 58.600 cash to purchases 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 1 Paid principal and interest on the Pippennote Dec 31 Recorded accrued interest for the Prime Banknote and the vehicle note 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 Account Titles and Explanation Debit Date Credit 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 Debit Credit Account Titles and Explanation Inventory 14400 Notes Payable ept. 30 Insurance Expense Interest Payable Oct 1 Equipment 20400 Notes Payable 20400 Sct. 31 Interest Expense Interest Payable hov 1 17800 3600 Cash Notes Payable 26400 lov 30 Interest Expense Interest Payable Nov. 30 Interest Expense Interest Payable Dec 1 Notes Payable 14400 Interest Payable Cash Dec 31 Interest Expense Interest Payable Notes Payable 12/1 14400 9/1 14400 10/1 20400 11/1 7 26400 12/31 Bal. 61200 Interest Expense 9/30 10/31 11/30 12/31 12/31 Bal. Interest Payable 12/1 9/30 10/31 11/30 12/31 CRANE CORPORATION Balance Sheet (Partial) For the Year Ended December 31, 2022 Current Liabilities Interest Payable $ Notes Payable e Textbook and Media List of Accounts X Your answer is incorrect. How much interest expense relating to notes payable did Crane incur during the year? Interest expense incurred during the year $

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