i NEED help with the blank spots! If you could help that would help alot! Ermlar

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i NEED help with the blank spots! If you could help that would help alot!

Ermlar Corporation sells rock-climbing products and also operates an indoor climbing facility for climbing enthusiasts. During the last part of 2014, Ermlar had the following transactions related to notes payable.

Sept. 1

Issued   a $12,000 note to Lippert to purchase inventory. The 3-month note   payable bears interest of 6% and is due December 1. (Ermlar uses a   perpetual inventory system.)

Sept.30

Recorded   accrued interest for the Lippert note.

Oct. 1

Issued   a $16,500, 8%, 4-month note to Shanee 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 Lippert note and the Shanee Bank note.

Nov. 1

Issued   a $26,000 note and paid $8,000 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 Lippert note, the Shanee Bank note, and the vehicle   note.

Dec. 1

Paid   principal and interest on the Lippert note.

Dec. 31

Recorded   accrued interest for the Shanee Bank note and the vehicle note.

September 1

Inventory 12,000

Notes Payable 12,000

September 30

Interest Expense

Interest Payable

October 1

Equipment: 16,500

Notes Payable: 16,500

October 31

Interest Expense

Interest Payable

November 1

Equipment

Notes Payable 26,000

Cash 8,,000

November 30

Interest Expense

Interest Payable

December 1

Notes Payable

Interest Payable

Cash

December 31:

Interest Expense

Interest Payable

  

Sept. 1

     

Issued   a $12,000 note to Lippert to purchase inventory. The 3-month note   payable bears interest of 6% and is due December 1. (Ermlar uses a   perpetual inventory system.)

     

Sept.30

     

Recorded   accrued interest for the Lippert note.

     

Oct. 1

     

Issued   a $16,500, 8%, 4-month note to Shanee 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 Lippert note and the Shanee Bank note.

     

Nov. 1

     

Issued   a $26,000 note and paid $8,000 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 Lippert note, the Shanee Bank note, and the vehicle   note.

     

Dec. 1

     

Paid   principal and interest on the Lippert note.

     

Dec. 31

     

Recorded   accrued interest for the Shanee Bank note and the vehicle note.

   Ermlar Corporation sells rock-climbing products and also operates an indoor climbing facility for climbing enthusiasts. During the last part of 2014, Ermlar had the following transactions related to notes payable. September 1 Inventory 12,000 Notes Payable 12,000 September 30 Interest Expense Interest Payable October 1 Equipment: 16,500 Notes Payable: 16,500 October 31 Interest Expense Interest Payable November 1 Equipment Notes Payable 26,000 Cash 8,000 November 30 Interest Expense Interest Payable December 1 Notes Payable Interest Payable Cash December 31: Interest Expense Interest Payable

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