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Riverbed Corporation sells rock-climbing products and also operates an indoor climbing facility for climbing enthusiasts. During the last part of 2017, Riverbed had the following

Riverbed Corporation sells rock-climbing products and also operates an indoor climbing facility for climbing enthusiasts. During the last part of 2017, Riverbed 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 7% and is due December 1. (Riverbed uses a perpetual inventory system.)
Sept. 30 Recorded accrued interest for the Pippen note.
Oct. 1 Issued a $18,000, 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 $8,100 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 8% and matures in 12 months.
Nov. 30 Recorded accrued interest for the Pippen note, the Prime Bank note, and the vehicle note.
Dec. 1 Paid principal and interest on the Pippen note.
Dec. 31 Recorded accrued interest for the Prime Bank note and the vehicle note.

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Prepare journal entries for the transactions noted above. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) Account Titles and Explanation Debit Credit Date TSept. 1 Inventory 15600 Notes Payable 15600 Sept. 30 Interest Expense 91 Interest Payable Oct. 1 Cash 18000 Notes Pavable 18000 Interest Expense Oct. 31 120 Interest Pavable 120 Nov. 1 Inventory 33300 Interest Payable 25200 Cash 8100 Interest Expense Nov. 30 288 Interest Payable 288 TNotes Payable Dec. 1 15600 Interest Payable 273 15873 Cash Dec. 31 Interest Expense 408 Interest Pavable 408

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