Ermlar Corporation

Prepare journal entries for the transactions of the Ermlar Corporation & sections B,C,D of the set.

Sept 1 - Issues a $12,000 note to Lippert to purchase inventory. The 3 month note payable bears interest of 6% and is due December 1 ............

Sept 30 Recorded accrued interest for the Lippert note. ...............

Oct 1 Issued a $16,500, 8%, 4 month note to Shanee 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 Lippert note and the Sahnee Bank Note. Nov. 1 Issued a $26,000 note and paid $8,000 cash to purchasing a vehicle to transport clients to nearby climbing sites. This note bears interest of 6% and matures in 12 months. Nov. 30 Recorded an accrued interest for the Lippert note, the Shanee Bank note and vehicle note. Dec 1 Paid principal and interest on the Lippert note Dec. 31 Recorded accrued interest for the Shanee bank note and vehicle note.

A) Prepared journal enteries for the transaction above (they use a perpetual inventory system)

B) Post above entries to the Notes Payable,Interest Payable,& Interest Expense Accounts (use T-accounts)..........( I know interest payable is 590)

C) Show the balance sheet presentation of Notes Payable & Interest Payable at Dec. 31

D) How much interestbexpense relating to notes payable did Ermlar incur during the year?

I am having trouble with howthisshould all lookin an excelsheet

Please and Thank you!