Cullumber Corporation sells rock$-$climbing products and also operates an indoor climbing facility for climbing enthusiasts. During the

last part of $2025,$ Cullumber had the following transactions related to notes payable.

Sept. $1$ Issued a $$15,600$ note to Pippen to purchase inventory. The $3-$month note payable bears interest of $9\%$ and is due

December $1.($Cullumber uses a perpetual inventory system.$)$

Sept. $30$ Recorded accrued interest for the Pippen note.

Oct. $1$ Issued a $$21,600,8\%,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.

a new series of climbing classes. This note bears interest of $8\%$ 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 Pippen note.

Dec. $31$ Recorded accrued interest for the Prime Bank note and the vehicle note.Prepare journal entries for the transactions noted above. $($List all debit entries before credit entries. Credit account titles are

automatically indented when amount is entered. Do not indent manually. If no entry is required, select $"$No Entry" for the account titles and

enter $0$ for the amounts. Record journal entries in the order presented in the problem.$)$

ate

Account Titles and Explanation

Debit

Credit

Inventory

Notes Payable

Interest Expense

Interest Payable

Equipment

$21,600$

Notes Payable

Interest Payable