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Question 1 of 5 -/3 View Policies Current Attempt in Progress Blossom Corporation sells rock-climbing products and also operates an indoor climbing facility for climbing enthusiasts. During the last part of 2022, Blossom had the following transactions related to notes payable Oct. 1 Sept. 1 Issued a $16,800 note to Pippen to purchase inventory. The 3-month note payable bears interest of 8% and is due December 1. (Blossom uses a perpetual inventory system.) Sept.30 Recorded accrued interest for the Pippen note. Issued a $21.600,9%, 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 $26.400 note and paid $8,800 cash to purchase a vehide 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 Bank note, and the vehicle note. Pald principal and interest on the Pippen note. Recorded accrued interest for the Prime Bank note and the vehicle note. Dec 1 Dec. 31 Prepare journal entries for the transactions noted above. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit Sept. 1 Inventory 16800 Notes Payable 16800 112 Sept. 30 Interest Expense Interest Payable 112 Oct. 1 21600 Cash v 21600 Notes Payable 275 Oct. 31 Interest Expense 275 Interest Payable 35200 Nov. 1 Equipment Nov. 1 Equipment 35200 Notes Payable 26400 Cash 8800 Nov. 30 V Interest Expense 431 Interest Payable 431 Dec. 1 Notes Payable 16800 Interest Payable 338 Cash 17138 Dec. 31 Interest Expense 319 319 Interest Payable e Textbook and Media 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 Interest Expense Post the above entries to the Notes Payable, Interest Payable, and Interest Expense accounts. (Post entries in the entries posted in the previous part of the question.) Notes Payable V 9/1 W 9/30 10/1 10/31 11/1 11/30 12/1 12/31 12/31 Bal. Interest Expense Interest Expense Interest Payable Show the balance sheet presentation of notes payable and interest payable at December 31. BLOSSOM CORPORATION Balance Sheet (Partial) $ e Textbook and Media List of Accounts elextbook and Media List of Accounts How much interest expense relating to notes payable did Blossom incur during the year? Interest expense incurred during the year $ $ e Textbook and Media List of Accounts Save for Later Attempts

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