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Question 1 or 5 Blossom Corporation is rock climbing products and also operates an indoor climbing facility for climbing enthusiasts. During the last part
Question 1 or 5 Blossom Corporation is rock climbing products and also operates an indoor climbing facility for climbing enthusiasts. During the last part of 2022 Blossom had the following transactions related to notes payable. Sept 1 Sept. 30 Oct. 1 Issued a $16.800 note to Pippen to purchase inventory. The 3-month note payable bears interest of 8% and is due December 1. Blossom uses a perpetual inventory system) Recorded accrued interest for the Pippen note Issued a $21.600, 9%, 4-month note to Prime Blank to finance the purchase of a new climbing wall for advanced dimbers. The note is due February 1 Oct 31 Recorded accrued interest for the Pippen note and the Prime Bank note Nov 1 Nov 30 Issued a $24,000 note and paid $9.000 cash to purchase a vehicle to transport clients to nearby climbing sites as part of a new series of dimbing classes. This note bears interest of 8% and matures in 12 months Recorded accrued interest for the Pippen note, the Prime Bank note, and the vehicle note Paid principal and interest on the Pippen note Dec 1 Dec. 31 Recorded accruest interest for the Prime Bank note and the vehicle note Your answer in partially correct Prepare journal entries for the transactions noted above. (Credit account titles are automatically indented when amount inter Do not indent manually Record journal entries in the order presented in the problem) Date Account Titles and Explanation: Debit Credit
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