Problem 10-2A (Part Level Submission) Blue Corporation sells rock-climbing products and also operates an indoor climbing facility for climbing enthusiasts. During the last part of 2017, Blue had the following transactions related to notes payable Issued a $14,400 note to Pippen to purchase inventory. The 3-month note payable bears interest of 7% and is due December 1. (Blue uses a perpetual inventory system.) Sept. 1 Sept. Recorded accrued interest for the Pippen note 30 Issued a $20,400, 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. 1 Oct. 31 Recorded accrued interest for the Pippen note and the Prime Bank note. new series of climbing classes Nov. Issued a $26,400 note and paid $8,600 cash to purchase a vehicle to transport clients to nearby climbing sites as part of This note bears interest of 6% and matures in 12 months Nov Recorded accrued interest for the Pippen note, the Prime Bank note, and the vehicle note 30 Dec. Paid principal and interest on the Pippen note. Dec. Recorded accrued interest for the Prime Bank note and the vehicle note. Prepare journal entries for the transactions noted above. (Credit account titles are automatically indented when amount is entered. I manually. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit 14400 Inventory Sept. 1 14400 Notes Payable Sept. 30 84 Interest Expense 84 Interest Payable Equipment 20400 Oct. 1 20400 Notes Payable Interest Expense Oct. 31 254 Interest Payable 254 35000 Nov. 1 Equipment 26400 Notes Payable 8600 Cash Nov. 30 386 Interest Expense Interest Payable 386 Dec. 1 Notes Payable 14400 Interest Payable 216 14616 Cash 302 Dec. 31 Interest Expense 302 Interest Payable 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. previous part of the question.) Notes Payable 12/1 14400 9/1 14400 10/1 20400 11/1 26400 12/31 Bal.* 61200 Interest Expense 84 9/30 254 10/31 11/30 386 12/31 302 12/31 Bal. 1026 Interest Payable 12/1 252 9/30 254 10/31 11/30 386 302 12/31 1026 12/31 Bal. * Click if you would like to Show Work for this question: Open Show Work 84