S9-1. (Learning Objective 1: Accounting for a note payable) Ferdie Sports Authority purchased inventory costing $4,000 by signing an 8% short-term note payable. The purchase occurred on September 30, 20X0. Ferdie pays annual interest each year on September 30.

Journalize the company’s

(a) purchase of inventory,

(b) accrual of interest expense on June 30, 20X1, which is the year-end, and

(c) payment of the note plus interest on September 30, 20X1.

(Round your answers to the nearest whole number.)