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Problem 10-05A a-d (Part Level Submission) Pina Corporation ses rock climbing products and also operates an indoor climbing facility for climbing h transactions related to

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Problem 10-05A a-d (Part Level Submission) Pina Corporation ses rock climbing products and also operates an indoor climbing facility for climbing h transactions related to notes payable ats. During the last part of 2020, Prahad the following Sept. 1 issued a $16,800 note to Pippen to purchase inventory. The 3-month note payable bears interest of 8% and is due December 1. (Pina uses a perpetual inventory system) Sept. Recorded accrued interest for the Pippen note. Oct. 1 Issued a $21,600,9 4 month note to Prime Bank to finance the purchase of a new climbing wall for advanced dimbers. The notes de February 1. Oct. 31 Recorded accrued interest for the Pippen note and the Prime Banknote. Nov.1 issued a $26,400 note and paid $6,000 cash to purchase a vehicle to transport chants to nearby climbing sites as part of a new series of a ng dassen. This note bears interest of and matures in 12 months Nov. 30 Recorded accrued interest for the Pippen note, the Prime Banknote, and the vehicle note Dec. 1 Paid principal and interest on the Pippen note. Dec. 31 Recorded accrued interest for the Prime Banknote and the vehide 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.) Prepare joumarenches Tor une uransaccions noceu above. (Crear account wues are automaucany more journal entries in the order presented in the problem.) Debit Credit Date Tsept. 1 Account Titles and Explanation Tinventory 11 11 16800 LT LI 1 1 TIT 1111111 | Notes Payable 16800 1 1 Sept. 30 . 1 Interest Expense Interest Payable 1 Oct. 1 Equipment 21600 | Notes Payable 21600 Oct. 31 interest Expense Interest Payable Nov. 1 ITEquipment 35200 Notes Payable 26400 Cash 8800 Nov. 30 Interest Expense 428 Notes Payable 26400 Cash 8800 Nov. 30 Interest Expense 428 Interest Payable (Dec. 1 Notes Payable 16800 Interest Payable | Cash 17136 Dec. 31 Interest Expense Interest Payable 154 Click if you would like to Show Work for this question: Open Show Work (b) Post the above entries to the Notes Payable, Interest Payable, and Interest Expense accounts. (Post en the question.) Notes Payable 12/1 16800 9/1 16800 12/31 10/1 21600 Interest Expense Interest Payable Click if you would like to Show Work for this question: Open Show Work

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