Sheridan Corporation sells rock climbing products and also operates an indoor climbing facility for climbing enthusiasts During the last part of 2022, Sheridan had the following transactions related to notes payable Sept 1 Issued a $14,400 note to Pippen to purchase inventory The 3 month note payable bears interest of 6 and is due December 1 (Sheridan uses a perpetual inventory system ) Sept 30 Recorded accrued interest for the Pippen note Oct 1 Issued a $22,800, 9 , 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 $30,000 note and paid $8,600 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 6 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 Date Account Name Debit Credit Sep 01 Merchandise inventory $ 14,400 Note payable $ 14,400 Sep 30 Interest expense ($14,400 6 1 12) $ 72 Interest payable $ 72 Oct 01 Equipment Climbing wall $ 22,800 Note payable $ 22,800 Oct 31 Interest expense ($14,400 6 1 12) ($22,800 9 1 12) $ 243 Interest payable $ 243 Nov 01 Vehicles $ 38,600 Cash $ 30,000 Note payable $ 8,600 Nov 30 Interest expense ($14,400 6 1 12) ($22,800 9 1 12) ($30,000 6 1 12) $ 393 Interest payable $ 393 Dec 01 Note payable $ 14,400 Interest payable ($14,400 6 3 12) $ 216 Cash $ 14,616 Dec 31 Interest expense ($22,800 9 1 12) ($30,000 6 1 12) $ 321 Interest payable $ 321 Post the above entries to the Notes Payable, Interest Payable, and Interest Expense accounts (Post entries in the order of journal entries posted in the previous part of the question ) Notes Payable choose a transaction date 9 19 3010 110 3111 111 3012 112 3112 31 Bal enter a debit amount choose a transaction date 9 19 3010 110 3111 111 3012 112 3112 31 Bal enter a credit amount choose a transaction date 9 19 3010 110 3111 111 3012 112 3112 31 Bal enter a debit amount choose a transaction date 9 19 3010 110 3111 111 3012 112 3112 31 Bal enter a credit amount choose a transaction date 9 19 3010 110 3111 111 3012 112 3112 31 Bal enter a debit amount choose a transaction date 9 19 3010 110 3111 111 3012 112 3112 31 Bal enter a credit amount choose the end date of the accounting period 9 19 3010 110 3111 111 3012 112 3112 31 Bal enter a debit balance choose the end date of the accounting period 9 19 3010 110 3111 111 3012 112 3112 31 Bal enter a credit balance Interest Expense choose a transaction date 9 19 3010 110 3111 111 3012 112 3112 31 Bal enter a debit amount choose a transaction date 9 19 3010 110 3111 111 3012 112 3112 31 Bal enter a credit amount choose a transaction date 9 19 3010 110 3111 111 3012 112 3112 31 Bal enter a debit amount choose a transaction date 9 19 3010 110 3111 111 3012 112 3112 31 Bal enter a credit amount choose a transaction date 9 19 3010 110 3111 111 3012 112 3112 31 Bal enter a debit amount choose a transaction date 9 19 3010 110 3111 111 3012 112 3112 31 Bal enter a credit amount choose a transaction date 9 19 3010 110 3111 111 3012 112 3112 31 Bal enter a debit amount choose a transaction date 9 19 3010 110 3111 111 3012 112 3112 31 Bal enter a credit amount choose the end date of the accounting period 9 19 3010 110 3111 111 3012 112 3112 31 Bal enter a debit balance choose a transaction date 9 19 3010 110 3111 111 3012 112 3112 31 Bal enter a credit balance Interest Payable choose a transaction date 9 19 3010 110 3111 111 3012 112 3112 31 Bal enter a debit amount choose a transaction date 9 19 3010 110 3111 111 3012 112 3112 31 Bal enter a credit amount choose a transaction date 9 19 3010 110 3111 111 3012 112 3112 31 Bal enter a debit amount choose a transaction date 9 19 3010 110 3111 111 3012 112 3112 31 Bal enter a credit amount choose a transaction date 9 19 3010 110 3111 111 3012 112 3112 31 Bal enter a debit amount choose a transaction date 9 19 3010 110 3111 111 3012 112 3112 31 Bal enter a credit amount choose a transaction date 9 19 3010 110 3111 111 3012 112 3112 31 Bal enter a debit amount choose a transaction date 9 19 3010 110 3111 111 3012 112 3112 31 Bal enter a credit amount choose a transaction date 9 19 3010 110 3111 111 3012 112 3112 31 Bal enter a debit balance choose the end date of the accounting period 9 19 3010 110 3111 111 3012 112 3112 31 Bal enter a credit balance

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Sheridan Corporation sells rock-climbing products and also operates an indoor climbing facility for climbing enthusiasts. During the last part of 2022, Sheridan had the following

Sheridan Corporation sells rock-climbing products and also operates an indoor climbing facility for climbing enthusiasts. During the last part of 2022, Sheridan had the following transactions related to notes payable.

Sept. 1		Issued a $14,400 note to Pippen to purchase inventory. The 3-month note payable bears interest of 6% and is due December 1. (Sheridan uses a perpetual inventory system.)
Sept. 30		Recorded accrued interest for the Pippen note.
Oct. 1		Issued a $22,800, 9%, 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 $30,000 note and paid $8,600 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 6% 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.

Date	Account Name	Debit	Credit
Sep-01	Merchandise inventory	$ 14,400
	Note payable		$ 14,400

Sep-30	Interest expense ($14,4006%1/12)	$ 72
	Interest payable		$ 72

Oct-01	Equipment/ Climbing wall	$ 22,800
	Note payable		$ 22,800

Oct-31	Interest expense ($14,4006%1/12)+($22,8009%1/12)	$ 243
	Interest payable		$ 243

Nov-01	Vehicles	$ 38,600
	Cash		$ 30,000
	Note payable		$ 8,600

Nov-30	Interest expense ($14,4006%1/12)+($22,8009%1/12)+($30,0006%1/12)	$ 393
	Interest payable		$ 393

Dec-01	Note payable	$ 14,400
	Interest payable ($14,4006%3/12)	$ 216
	Cash		$ 14,616

Dec-31	Interest expense ($22,8009%1/12)+($30,0006%1/12)	$ 321
	Interest payable		$ 321

Post the above entries to the Notes Payable, Interest Payable, and Interest Expense accounts. (Post entries in the order of journal entries posted in the previous part of the question.)

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Notes Payable
choose a transaction date 9/19/3010/110/3111/111/3012/112/3112/31 Bal.	enter a debit amount	choose a transaction date 9/19/3010/110/3111/111/3012/112/3112/31 Bal.	enter a credit amount
choose a transaction date 9/19/3010/110/3111/111/3012/112/3112/31 Bal.	enter a debit amount	choose a transaction date 9/19/3010/110/3111/111/3012/112/3112/31 Bal.	enter a credit amount
choose a transaction date 9/19/3010/110/3111/111/3012/112/3112/31 Bal.	enter a debit amount	choose a transaction date 9/19/3010/110/3111/111/3012/112/3112/31 Bal.	enter a credit amount
choose the end date of the accounting period 9/19/3010/110/3111/111/3012/112/3112/31 Bal.	enter a debit balance	choose the end date of the accounting period 9/19/3010/110/3111/111/3012/112/3112/31 Bal.	enter a credit balance
Interest Expense
choose a transaction date 9/19/3010/110/3111/111/3012/112/3112/31 Bal.	enter a debit amount	choose a transaction date 9/19/3010/110/3111/111/3012/112/3112/31 Bal.	enter a credit amount
choose a transaction date 9/19/3010/110/3111/111/3012/112/3112/31 Bal.	enter a debit amount	choose a transaction date 9/19/3010/110/3111/111/3012/112/3112/31 Bal.	enter a credit amount
choose a transaction date 9/19/3010/110/3111/111/3012/112/3112/31 Bal.	enter a debit amount	choose a transaction date 9/19/3010/110/3111/111/3012/112/3112/31 Bal.	enter a credit amount
choose a transaction date 9/19/3010/110/3111/111/3012/112/3112/31 Bal.	enter a debit amount	choose a transaction date 9/19/3010/110/3111/111/3012/112/3112/31 Bal.	enter a credit amount
choose the end date of the accounting period 9/19/3010/110/3111/111/3012/112/3112/31 Bal.	enter a debit balance	choose a transaction date 9/19/3010/110/3111/111/3012/112/3112/31 Bal.	enter a credit balance
Interest Payable
choose a transaction date 9/19/3010/110/3111/111/3012/112/3112/31 Bal.	enter a debit amount	choose a transaction date 9/19/3010/110/3111/111/3012/112/3112/31 Bal.	enter a credit amount
choose a transaction date 9/19/3010/110/3111/111/3012/112/3112/31 Bal.	enter a debit amount	choose a transaction date 9/19/3010/110/3111/111/3012/112/3112/31 Bal.	enter a credit amount
choose a transaction date 9/19/3010/110/3111/111/3012/112/3112/31 Bal.	enter a debit amount	choose a transaction date 9/19/3010/110/3111/111/3012/112/3112/31 Bal.	enter a credit amount
choose a transaction date 9/19/3010/110/3111/111/3012/112/3112/31 Bal.	enter a debit amount	choose a transaction date 9/19/3010/110/3111/111/3012/112/3112/31 Bal.	enter a credit amount
choose a transaction date 9/19/3010/110/3111/111/3012/112/3112/31 Bal.	enter a debit balance	choose the end date of the accounting period 9/19/3010/110/3111/111/3012/112/3112/31 Bal.	enter a credit balance