Please answer the exercise in full, there are 3 parts.

Problem 10-2A

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

Sept. 1		Issued a $12,000 note to Pippen to purchase inventory. The 3-month note payable bears interest of 6% and is due December 1. (Ehler uses a perpetual inventory system.)
Sept. 30		Recorded accrued interest for the Pippen note.
Oct. 1		Issued a $16,500, 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 $26,000 note and paid $8,000 cash to purchase a 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 Pippen note.
Dec. 31		Recorded accrued interest for the Prime Bank note 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.)

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.)

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

How much interest expense relating to notes payable did Ehler incur during the year?

Account titles to use for this exercise and only these titles will be accepted as the correct answer:

Accounts Payable Accounts Receivable Accumulated Depreciation-Equipment Accrued Pension Liability Bonds Payable Buildings Cash Common Stock Cost of Goods Sold Current Portion of Long-Term Debt Depreciation Expense Discount on Bonds Payable Dividends Equipment Federal Income Taxes Payable Federal Unemployment Taxes Payable FICA Taxes Payable Gain on Bond Redemption Income Tax Expense Income Taxes Payable Insurance Expense Interest Expense Interest Payable Inventory Land Loss on Bond Redemption Mortgage Payable No Entry Notes Payable Other Operating Expenses Payroll Tax Expense Premium on Bonds Payable Prepaid Insurance Property Taxes Payable Retained Earnings Salaries and Wages Expense Salaries and Wages Payable Sales Revenue Sales Taxes Payable Service Revenue Share Premium-Conversion Equity State Income Taxes Payable State Unemployment Taxes Payable Subscription Revenue Ticket Revenue Unearned Rent Revenue Unearned Sales Revenue Unearned Service Revenue Unearned Subscription Revenue Unearned Ticket Revenue Union Dues Payable Warranty Liability

CSecure htt edugen.wicyplus.com/edugeryltymainun Return ta Rlxkboard l, Accounting, Ge Chapter 10-Class Mea ting 1 online Ehler corporation sclis rock-dimbing products rd also operatss ?n indoor cimbing facility for dimbng cnthusiasts. During the last port of 2017, Ehler had the following transactions related to notes pootle. scpt. 1 Issucd ? S12,000 notc to Pippen to purchaso inventory. The 3-mcntn notC payabla bcars interact of G? and 's duc Dcccmber ?. Ehlar uses ? perpetual inventory system. Sat. RAcaad acena intarast tor tha Pippen nata Do I Raviw 10-h Ost. 31 Recorded accrued interest for the Fippen note and the Prime Bank note. Nov. ? Issued ? S25,00? nota and paid $8,000 cash to purchase a vehicla to transport dlents to naarby climbing sitas as part of Now 3 Recared acenuad intarest for the Pippen nate, the Prime Bank nnt, and the vhicle nota De1 Faid principal sn interest on the Pippen note Dec. 31 Recorded accrued interest for the Frime E?nk note ?nd te vehicle note. raw saries cr climbing classes. This nota ocars Interest at 0% and matures In ?2 mcnts. Review Score Reviw Results hy Sthady prepare rourma entries for t ve transactions no e above credit account t ?es dre dutomatical y rm ented when dmourt is entered Do not rndent mdnua y Record lournal entries in the order presented in t ve problem. Date Aet Titles and Fxplanation Dec. 1 O lype hene to search