Problem 10-2A Bramble Corporation sells rock-climbing products and also operates an indoor climbing facility for climbing enthusiasts. During the last part of 2017, Bramble had the following transactions related to notes payable. Sept. Issued a $14,400 note to Pippen to purchase inventory. The 3-month note payable bears 1 Interest of 6% and is due December 1. (Bramble uses a perpetual Inventory system.) Sept. 30 Recorded accrued interest for the Pippen note. Oct. 1 Issued a $20,400, 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. Recorded accrued interest for the Pippen note and the Prime Bank note. Nov. 1 Issued a $25,200 note and paid $8,500 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. Nov. Recorded accrued interest for the Pippen note, the Prime Bank note, and the vehicle note 30 Dec. 1 Paid principal and interest on the Pippen note. Recorded accrued interest for the Prime Bank note and the vehicle note. Prepare journal entries for the transactions noted above. (Credit account uitles ar automatically indented when amount Account Titles and Explanation Credit Tu inventory Notes Payable Interest Expense ayable I Equipment LAATOMIINMON Notes Payabl 22800 Pavab Le cop Save 0 Sma cash and issued a 3-year. 6% note payable for the balance there Tools View Nov. 30 | Interest Expense 393 Interest Payable 393 Dec. 1 Notes Payable able 14400 B3353 Interest Payable Cash 14616 Dec. 31 | Interest Expense Interest Payable Post the above entries to the Notes Payable, Interest Payable, and Interest Expense accou Notes Payable 14400 ||| 9/1 14400 12/3 52800 IT 10/1 22800 30000 12/31 Bal. 67200 | 12/31 Bal. 67200 Interest Expense 9/30 72 12/31 1029 10/31 243 11/30 393 12/31 12/31 Bal. 1029 12/31 Bal. 1029 Interest Payable 12/ 1 210 (9/ 307 243 393 321 12/31 Bal. 1029 12/31 Bal. 1029 Tools View Show the balance sheet presentation of notes payable and interest payable at Decem BRAMBLE CORPORATION Balance Sheet (Partial) December 31, 2017 Current Liabilities Notes Payable 52800 Interest Payable 813 SHOW LIST OF ACCOUNTS LINK TO TEXT LINK TO TEXT x Your answer is incorrect. Try again. How much interest expense relating to notes payable did Bramble incur during the year? Interest expense incurred during the year