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Sunland Corporation sells rock-climbing products and also operates an indoor climbing facility for climbing enthusiasts. During the last part of 2022. Sunland 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 8% and is due December 1. (Sunland uses a perpetual inventory system.) Sept. 30 Recorded accrued interest for the Pippen note. Oct. 1 issued a $19.200.8%, 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 $25.200 note and paid $8.100 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 7% and matures in 12 months Nov. 30 Recorded accrued interest for the Pippen note, the Prime Banknote, and the vehicle note Dec 1 Paid principal and interest on the Pippen note, Dec 31 Recorded accrued interest for the Prime Banknote and the vehicle note Date Account Titles and Explanation Debit Credit Sept. 1 Inventory Notes Payable Sept. 30 Interest Expense Interest Payable Oct 1 Notes Payable Oct. 31 Interest Expense Interest Payable Notes Payable Cash Cash Nov. 30 Interest Expense Interest Payable Dec. 1 Notes Payable Interest Payable Cash Dec 31 Interest Expense Interest Payable

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