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Current Attempt in Progress Grouper Corporation sells rock - climbing products and al last part of 2 0 2 2 , Grouper had the following
Current Attempt in Progress
Grouper Corporation sells rockclimbing products and al
last part of Grouper had the following transaction
indoor climbing facility for climbing enthusiasts. During th
es payable.
Sept. Issued a $ note to Pippen to purchase inventory. The month note payable bears interest of and is due
December Grouper uses a perpetual inventory system.
Sept. Recorded accrued interest for the Pippen note.
Oct. Issued a $month note to Prime Bank to finance the purchase of a new climbing wall for advanced
climbers. The note is due February
Oct. Recorded accrued interest for the Pippen note and the Prime Bank note.
Nov. Issued a $ note and paid $ cash to purchase a vehicle to transport clients to nearby climbing sites as par
a new series of climbing classes. This note bears interest of and matures in months.
Nov. Recorded accrued interest for the Pippen note, the Prime Bank note, and the vehicle note.
Dec. Paid principal and interest on the Pippen note.
Dec. Recorded accrued interest for the Prime Bank note and the vehicle note.
a
Prepare journal entries for the above transactions. Credit account titles are automatically indented when amount is entered. Do not
indent manually. Record journal entries in the order presented in the problem.
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