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Sheridan Corporation sells rock-climbing products and also operates an indoor climbing facility for climbing enthusiasts. last part of 2025 . Sheridan had the following transactions

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Sheridan Corporation sells rock-climbing products and also operates an indoor climbing facility for climbing enthusiasts. last part of 2025 . Sheridan had the following transactions related to notes payabie Sept 1 Issued a $14,400 note to Pippen to purchase inventory. The 3 -month note payable bears interest of 6% and is 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 saccued interest for the Pippen note and the Prime Bank note. Nov 1 issued a $30.000 note and paid $8.600 cas h to purchase a vehicte to transport clients to ne artoyclimbing sites as a new series of climbing classes. This note bears interest of 6% and matures in 12 months. Dec 1 Pald principal and interes on the Pippen note. Post the above entries to the Notes Payable, Interest Payable, and interest Expense accounts. (Post entries in the order of joumd entries posted in the previous part of the question.)

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