0 S9-1 (similar to) Question Help Drexle Sports Authority purchased inventory costing $25,000 by signing a 8% short-term note payable. The purchase occurred on August 31, 2014. Drexde pays annual interest each year on August 31. Joumalize the company's (a) purchase of inventory: (1) accrual of interest expense on May 31, 2015, which is the year-end, and (c) payment of the role plus interest on August 31, 2015. (Round your answers to the nearest whole number) (d) Show what the company would report on its balance sheet at May 31, 2015, and one income statement for the year ended on that date (Record debits first, then credits. Exclude explanations from any journalis) Date Accounts Debt Credit 2014 Inventory 25,000 August 31 Note Payable, Short Term 25.000 (b) Journalize the company's accrual of interest expense on May 31, 2015. (Do not round until the final answer. Then found to the nearest whole dolar) Journal Entry Accounts Date Credit Debit 2015 31 May Choose from any list or enter any number in the input fields and then click Check Answer (b) Journalize the company's accrual of interest expense on May 31, 2015. (Do not round until the final answer. Then round to the nearest whole dollar.) Journal Entry Accounts Date Debit Credit 2015 May 31 Cash 1 then click Check Answer Interest Expense Choose from any lis Interest Payable Inventory Note Payable, Short-Term 3 parts Clear All (U) Juutide UU ya duulua VI RIUSI UAS I midy 31, 2013. IUUHVLIVIU IR MIG RIGHT. HIVI WHO WE U Journal Entry Date Accounts Debit Credit 2015 May 31 list or the input fields and then click Check