date.

Read the requirements.

Requirement $1.$ Journalize the company's purchase of inventory. $($Record debits first, then credits. Exclude explanations from journal entries.$)$

Journal Entry

Requirements

Journalize the company's purchase of inventory.

Make the adjusting entry for accrual of interest on the note payable on December $31,2022.$

At December $31,2022,$ what is reported on the balance sheet related to this note payable?

Record the payment of the note payable $($principal and interest$)$ on its maturity date.