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Problem 10-2A (Part Level Submission) Grouper Corporation sells rock-climbing products and also operates an indoor climbing facility for climbing enthusiasts. During the last part of

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Problem 10-2A (Part Level Submission) Grouper Corporation sells rock-climbing products and also operates an indoor climbing facility for climbing enthusiasts. During the last part of 2017, Gre following transactions related to notes payable. he Issued a $15,600 note to Pippen to purchase inventory. The 3-month note payable bears interest of 7 % and is due December 1 (Grouper uses a perpetu inventory system.) Sept. 1 Sept Recorded accrued interest for the Pippen note. 30 Issued a $22.800, 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 Recorded acerued interest for the Pippen note and the Prime Bank note. Issued a $30,000 note and paid $9,300 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. Oct. 1 Oct. 31 Nev. 1 Nov Recorded accrued interest for the Pippen note, the Prime Bank note, and the vehicle note. 30 Paid principal and interest on the Pippen note. Dec 31 Dec cerded acrued interest for the Prime Bank note and the vehicle note. Prepare yournal ertries for the transactions noted above. (Credit account titles are automatically ind Account Titles and Explanation Date Debit Credit Dec. 1 >

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