Wildhorse Corporation sells rock-climbing products and also operates an indoor climbing facility for climbing enthusiasts. During the last part of 2025, Wildhorse 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. (Wildhorse 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 $27,600 note and paid $7,600 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 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. Prepare journal entries for the transactions noted above. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Record journal entries in the order presented in the problem.) Cash Notes Payable Nov 30 Interest Expense Interest Payable Sec1 Notes Payable Interest Payable 273 Cash Dec.31 Interest Expense 355 Interest Payable 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.) \begin{tabular}{|} \hline 446 \\ \hline 355 \\ \hline 881 \\ \hline \end{tabular} Interest Expense Show the balance sheet presentation of notes payable and interest payable at December 31 . Wildhorse Corporation sells rock-climbing products and also operates an indoor climbing facility for climbing enthusiasts. During the last part of 2025, Wildhorse 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. (Wildhorse 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 $27,600 note and paid $7,600 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 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. Prepare journal entries for the transactions noted above: (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Record journal entries in the order presented in the problem.) Nov, 1 Equipment 35200 Cash Notes Payable Nov. 30 Interest Expense Interest Payable sec1 Notes Payable interest Payable 273 Cash Dec. 31 Interest Expense Interest Payable 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.) Interest Payable 12/1 446 \begin{tabular}{|r|} \hline 355 \\ \hline 881 \\ \hline \end{tabular} Interest Expense 9/30 11/30 446 12/31 12/31Bal. Show the balance sheet presentation of notes payable and interest payable at December 31
