I'm working on this question in AC116 Unit 4 Lab and I am having a problem setting it up whch is leading to me getting the wrong ending results.

These are selected transactions of Bramble Company. Bramble prepares financial statements quarterly.

Jan.		2		Purchased merchandise on account from Nunez Company, $39,000, terms2/10, n/30. (Bramble uses the perpetual inventory system.)
Feb.		1		Issued a9%,2-month, $39,000 note to Nunez in payment of account.
Mar.		31		Accrued interest for2 months on Nunez note.
Apr.		1		Paid face value and interest on Nunez note.
July		1		Purchased equipment from Marson Equipment paying $11,000 in cash and signing a10%,3-month, $51,600 note.
Sept.		30		Accrued interest for3 months on Marson note.
Oct.		1		Paid face value and interest on Marson note.
Dec.		1		Borrowed $34,800 from the Paola Bank by issuing a3-month,8% note with a face value of $34,800.
Dec.		31		Recognized interest expense for1 month on Paola Bank note.

(a)

Prepare journal entries for the listed transactions and events. (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
choose a transaction date Jan. 2Feb. 1Mar. 31Apr. 1July 1Sept. 30Oct. 1Dec. 1Dec. 31	enter an account title	enter a debit amount	enter a credit amount
	enter an account title	enter a debit amount	enter a credit amount
choose a transaction date Jan. 2Feb. 1Mar. 31Apr. 1July 1Sept. 30Oct. 1Dec. 1Dec. 31	enter an account title	enter a debit amount	enter a credit amount
	enter an account title	enter a debit amount	enter a credit amount
choose a transaction date Jan. 2Feb. 1Mar. 31Apr. 1July 1Sept. 30Oct. 1Dec. 1Dec. 31	enter an account title	enter a debit amount	enter a credit amount
	enter an account title	enter a debit amount	enter a credit amount
choose a transaction date Jan. 2Feb. 1Mar. 31Apr. 1July 1Sept. 30Oct. 1Dec. 1Dec. 31	enter an account title	enter a debit amount	enter a credit amount
	enter an account title	enter a debit amount	enter a credit amount
	enter an account title	enter a debit amount	enter a credit amount
choose a transaction date Jan. 2Feb. 1Mar. 31Apr. 1July 1Sept. 30Oct. 1Dec. 1Dec. 31	enter an account title	enter a debit amount	enter a credit amount
	enter an account title	enter a debit amount	enter a credit amount
	enter an account title	enter a debit amount	enter a credit amount
choose a transaction date Jan. 2Feb. 1Mar. 31Apr. 1July 1Sept. 30Oct. 1Dec. 1Dec. 31	enter an account title	enter a debit amount	enter a credit amount
	enter an account title	enter a debit amount	enter a credit amount
choose a transaction date Jan. 2Feb. 1Mar. 31Apr. 1July 1Sept. 30Oct. 1Dec. 1Dec. 31	enter an account title	enter a debit amount	enter a credit amount
	enter an account title	enter a debit amount	enter a credit amount
	enter an account title	enter a debit amount	enter a credit amount
choose a transaction date Jan. 2Feb. 1Mar. 31Apr. 1July 1Sept. 30Oct. 1Dec. 1Dec. 31	enter an account title	enter a debit amount	enter a credit amount
	enter an account title	enter a debit amount	enter a credit amount
choose a transaction date Jan. 2Feb. 1Mar. 31Apr. 1July 1Sept. 30Oct. 1Dec. 1Dec. 31	enter an account title	enter a debit amount	enter a credit amount
	enter an account title	enter a debit amount	enter a credit amount

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(b)

Post to the accounts Notes Payable, Interest Payable, and Interest Expense. (Post entries in the order of journal entries presented in the previous part.)

Notes Payable
choose a transaction date 2/13/314/17/19/3010/112/112/3112/31Bal.	enter a debit amount	choose a transaction date 2/13/314/17/19/3010/112/112/3112/31Bal.	enter a credit amount
choose a transaction date 2/13/314/17/19/3010/112/112/3112/31Bal.	enter a debit amount	choose a transaction date 2/13/314/17/19/3010/112/112/3112/31Bal.	enter a credit amount
choose a transaction date 2/13/314/17/19/3010/112/112/3112/31Bal.	enter a debit amount	choose a transaction date 2/13/314/17/19/3010/112/112/3112/31Bal.	enter a credit amount
choose the end date of the accounting period 2/13/314/17/19/3010/112/112/3112/31Bal.	enter a debit balance	choose the end date of the accounting period 2/13/314/17/19/3010/112/112/3112/31Bal.	enter a credit balance
Interest Payable
choose a transaction date 2/13/314/17/19/3010/112/112/3112/31Bal.	enter a debit amount	choose a transaction date 2/13/314/17/19/3010/112/112/3112/31Bal.	enter a credit amount
choose a transaction date 2/13/314/17/19/3010/112/112/3112/31Bal.	enter a debit amount	choose a transaction date 2/13/314/17/19/3010/112/112/3112/31Bal.	enter a credit amount
choose a transaction date 2/13/314/17/19/3010/112/112/3112/31Bal.	enter a debit amount	choose a transaction date 2/13/314/17/19/3010/112/112/3112/31Bal.	enter a credit amount
choose the end date of the accounting period 2/13/314/17/19/3010/112/112/3112/31Bal.	enter a debit balance	choose the end date of the accounting period 2/13/314/17/19/3010/112/112/3112/31Bal.	enter a credit balance
Interest Expense
choose a transaction date 2/13/314/17/19/3010/112/112/3112/31Bal.	enter a debit amount	choose a transaction date 2/13/314/17/19/3010/112/112/3112/31Bal.	enter a credit amount
choose a transaction date 2/13/314/17/19/3010/112/112/3112/31Bal.	enter a debit amount	choose a transaction date 2/13/314/17/19/3010/112/112/3112/31Bal.	enter a credit amount
choose a transaction date 2/13/314/17/19/3010/112/112/3112/31Bal.	enter a debit amount	choose a transaction date 2/13/314/17/19/3010/112/112/3112/31Bal.	enter a credit amount
choose the end date of the accounting period 2/13/314/17/19/3010/112/112/3112/31Bal.	enter a debit balance	choose the end date of the accounting period 2/13/314/17/19/3010/112/112/3112/31Bal.	enter a credit balance

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(c)

Show the balance sheet presentation of notes and interest payable at December 31.

Bramble Company Balance Sheet (Partial) choose the transaction date December 31For the Year Ended December 31For the Quarter Ended December 31
select an opening section name Total Property, Plant and EquipmentShort-Term InvestmentsTotal AssetsCurrent LiabilitiesLong-term InvestmentsOwner's EquityTotal Owner's EquityTotal Intangible AssetsTotal Liabilities and Owner's EquityTotal Current LiabilitiesProperty, Plant and EquipmentIntangible AssetsCurrent AssetsTotal Current Assets
enter a balance sheet item			$enter a dollar amount
enter a balance sheet item			enter a dollar amount
					$enter a subtotal of the two previous amounts

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(d)

What is total interest expense for the year?

Total interest

$enter the total interest expense in dollars

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