Problem 10-2A (Part Level Submission) Sheffield Corporation sells rock-climbing products and also operates an indoor climbing facility for climbing enthusiasts. During the last part of 2017, Sheffield had the following transactions related to notes payable Issued a $16.800 note to Pippen to purchase inventory. The 3-month note payable bears interest of 6% and is due December 1, (Sheffield uses a perpetual inventory system.) Recorded accrued interest for the Pippen note. Issued a $21.600, 8%, 4-month note to Prime Bank to finance the purchase of a new cimbing wall for advanced climbers. The notes de February . Recorded accrued interest for the Pippen note and the Prime Bank note. Issued a S27.600 note and paid S9.200 cash to purchase a vehicle to transport clientsto nearby climbing sites as part of a ne series of climbing casse. This 1 te bears nterest of 7% a Recorded accrued interest for the Pippen note, the Prime Bank note, and the vehicle note. Sept. 1 Sept. 30 Oct. 1 Oct. 31 Nov 1 matures in months. Nov. 30 Dec. 1 Paid principal and interest on the Pippen note Dec. 31 Recorded accrued interest for the Prime Bank note and the vehicle note. Date Account Titles and Explanation Debit Credit Sept. 1 | |Inventory 16800 Notes Payable 16800 Sept. 30 | | Interest Expense Interest Payable Oct. 1 |Equipment 21600 Notes Payable 21600 Oct. 31 Interest Expense Interest Payable Nov. 1 |Equipment Notes Payable Cash Nov. 30 | | Interest Expense Interest Payable Notes Payable Interest Payable Dec. 1 Cash Dec. 31 | | Interest Expense Interest Payable