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Please do not answer question A. Problem 10-05A a-d (Part Level Submission) Pronghorn Corporation sells rock-climbing products and also operates an indoor climbing facility for

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Problem 10-05A a-d (Part Level Submission) Pronghorn Corporation sells rock-climbing products and also operates an indoor climbing facility for climbing enthusiasts. During the last part of 2020, Pronghorn had the following transactions related to notes payable. Sept. 1 Sept. Issued a $14,400 note to Pippen to purchase inventory. The 3-month note payable bears interest of 7% and is due December 1. (Pronghorn uses a perpetual inventory system.) 30 Recorded accrued interest for the Pippen note. Oct. Issued a $18,000, 10%, 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 Nov. Issued a $30,000 note and paid $8,300 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 8% and matures in 12 months. Recorded accrued interest for the Pippen note, the Prime Bank note, and the vehicle note. Paid principal and interest on the Pippen note. Dec. e 1 Dec. Recorded accrued interest for the Prime Bank note and the vehicle note. Your answer is partially correct. 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 Account Titles and Explanation Debit Credit Sept. 1 | Tinventory 14400 1 notes payable 14400 EPP Sept. 30 interest expense interest payable Oct. 1 equipment I notes payable 18000 Toct. 31 Tinterest expenses 234 interest payable 09 Nov. 1 Tequipment notes payable 30000 cash 8300 Nov. 30 Interest Expense 434 interest payable Dec. 1 notes payable 14400 interest payable 252 HIIHII Cash I I 14650 Dec. 31 interest expense 350 interest payable 350 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.) Notes Payable Interest Expense Interest Payable The parts of this question must be completed in order. This part will be available when you complete the part above. (d) The parts of this question must be completed in order. This part will be available when you complete the part above

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