Question: I don't know how to fix this Problem 10-2A Sheffield Corporation sells rock-climbing products and also operates an indoor climbing facility for climbing enthusiasts. During
I don't know how to fix this





Problem 10-2A Sheffield Corporation sells rock-climbing products and also operates an indoor climbing facility for climbing enthusiasts. During the last part of 2017, Sheffield had the following transactions related to notes payable Sept. Issued a $15,600 note to Pippen to purchase inventory. The 3-month note payable bears interest of 9% and is due December 1. 1 (Sheffield uses a perpetual inventory system.) Se Recorded accrued interest for the Pippen note. 30 Oct. Issued a $18,000, 996, 4-month note to Prime Bank to finance the purchase of a new climbing wall for advanced climbers. The 1 note is due February 1. Oct 31 Nov. 1 Nov. 30 Dec. Recorded accrued interest for the Pippen note and the Prime Bank note. Issued a $26,400 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. Recorded accrued interest for the Pippen note, the Prime Bank note, and the vehicle note. Paid principal and interest on the Pippen note Recorded accrued interest for the Prime Bank note and the vehicle note. Dec. 31 Notes Payable Dec. 1 15,600 Interest Payable Cash Dec. 31Interest Expense IT 26711 Interest Payable 267 Notes Payable 12/1 156009/1 15600 10/1 18000 26400 12/31 Bal. 1560011 1231 Bal. 60000 Interest Payable 12/31 1020 9/30 252 10/31 11/30 12/31 384 267 12/31 Bal. 1020 Show the balance sheet presentation of notes payable and interest payable at December 31 SHEFFIELD CORPORATION Balance Sheet (Partial) December 31, 2017 Current Liabilities Notes Payable 44400 Interest Payable 1020
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