Could you please answer part C? Could you please assist me in answering part A O
ID: 2568205 • Letter: C
Question
Could you please answer part C?
Could you please assist me in answering part A Oct 1 and Nov 1 account titles? Also, could you please answer par t C? Thanks Marigold Corporation sells rock-climbing products and also operates an indoor climbing facility for climbing enthusiasts. During the last part of 2017, Marigold 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. (Marigold uses a perpetual inventory Recorded accrued interest for the Pippen note. Issued a $19,200, 8%, 4-month note to Prime Bank to finance the purchase of a new climbing wall for Se 30 Oct. 1 advanced climbers. The note is due February 1 Oct. 3 Recorded accrued interest for the Pippen note and the Prime Bank note. Nov. 1Issued 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. ov Recorded accrued interest for the Pippen note, the Prime Bank note, and the vehicle note. 30 Dec. Paid principal and interest on the Pippen note. Dec. 31Recorded accrued interest for the Prime Bank note and the vehicle note.Explanation / Answer
C) Show balance sheet presentation :
MARIGOLD CORPORATION Balance sheet (Partial) LIABILITIES & SHAREHOLDER'S EQUITY Current liabilities Notes Payable $44400 Interest payable $678