Please show how you calculate the number for the december 31 entry

Cling-on Ltd. sells rock-climbing products and also operates an indoor climbing facility for climbing enthusiasts. On July 1, 2018, Cling-on received a three-month $11,200 bank loan from City Credit Union due on September 30, 2018, and bearing interest at 3%. Interest is payable at maturity. Note that the company records adjusting entries annually at its year end, December 31. During the next four months, Cling-on incurred the following: Sept. 1 Purchased inventory on account for $15,200 from Black Diamond, terms n/30. The company uses a perpetual inventory system. 30 Repaid the $11,200 bank loan payable to City Credit Union (see opening balance), as well as any interest owed. Oct. 1 Issued a six-month, 4%, $15,200 note payable to Black Diamond in exchange for the account payable (see September 1 transaction). Interest is payable on the first of each month. 2 Borrowed $25,600 from Montpelier Bank for 12 months at 3% to finance the building of a new climbing area for advanced climbers. (Use the asset account Buildings.) Interest is payable monthly on the first of each month. Nov. 1 Paid interest on the Black Diamond note and Montpelier Bank loan. Dec. 1 Paid interest on the Black Diamond note and Montpelier Bank loan. 3 Purchased a vehicle for $29,500 from Auto Dealer Ltd. to transport clients to nearby climbing sites. Paid $8,300 as a down payment and borrowed the remainder from Atlantic Bank for 12 months at 3%. Interest is payable quarterly, at the end of each quarter. 31 Recorded accrued interest for the Black Diamond note and the Montpelier and Atlantic loans. Your answer is partially correct. Record the above transactions. (Post entries in the order presented in the problem statement Credit account titles are automatically indented when the amount is entered. Do not indent manually. Round answers to the nearest whole dollar, e.g. 5,275.) Debit Credit Date Sept. 1 Account Titles and Explanation Inventory 15200 Accounts Payable Sept. 30 Bank Loan Payable 11201 Interest Expense Oct.1 Accounts Payable Notes Payable Buildings Oct. 2 Bank Loan Payable Nov. 1 ] Interest Expense Cash (To record interest on Black Diamond note.) Nov. 1 ) Interest Expense Cash (To record interest on Montpelier Bank loan.) Dec. 1 Interest Expense Cash (To record interest on Black Diamond nate.) Dec. 1 Interest Expense Cash (To record interest on Montpeller Bank loan.) Dec 31 Vehicles Cash Bank Loan Payable Dec. 31 interest Expense Interest Payable