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(a) Journalize the company's purchase of inventory. Journal Entry Accounts Debit Credit Date 2018 Jan 1 Cash Interest Expense Interest Payable Inventory Note Payable, Short-Term

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(a) Journalize the company's purchase of inventory. Journal Entry Accounts Debit Credit Date 2018 Jan 1 Cash Interest Expense Interest Payable Inventory Note Payable, Short-Term Jamison Sports Authority purchased inventory costing $25.000 by signing a 12% x-month, short-term note payable. The purchase occurred on January 1, 2018. Jamison we pay the entire not principal and interest) on the note's maturity date of July 1, 2018. Journalize the company's (a) purchase of inventory, and (b) payment of the note plus interest on July 1, 2018. (Record debit fr the credits. Exclude explanations from any lumaltres.) (a) Joumal the company's purchase of inventory Journal Entry 2018 Interest Expense Interest Payable Note Payable, Short Term

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