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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
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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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