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Problem 10-2A Marigold Corporation sells rock-climbing products and also operates an Indoor climbing facility for dimbing enthusiasts. During the last part of 2017, Marigold had

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Problem 10-2A Marigold Corporation sells rock-climbing products and also operates an Indoor climbing facility for dimbing enthusiasts. During the last part of 2017, Marigold had the following transactions related to notes payable Sept. 1 issued a $15,600 note to Pippen to purchase inventory. The 3-month note payable bears interest of 8% and is due December 1. (Marigold uses a perpetual inventory system.) Sept. Recorded accrued interest for the open note Oct. 1 Issued a $19,200, 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 $25,200 note and paid 58,100 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 7% and matures in 12 months Nov. Recorded accrued interest for the Pippen note, the Prime Banknote, and the vehide note Dec. 1 Dec. Paid principal and interest on the Pippen note. Recorded accrued interest for the Prime Banknote and the vehicle note. 1014 Prepare journal entries for the transactions noted above. (Credit account ttles 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 ts by Study 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 Expens terest Payable Show the balance sheet presentation of notes payable and interest payable at December 31. MARIGOLD CORPORATION Balance Sheet (Partial) Study SHOW LIST OF ACCOUNTS LINK TO TEKT LINK TO TEXT How much interest expense relating to notes payable did Marigold incur during the year? Interest expense incurred during the years Click if you would like to show Work for this questioni Open Show Work

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