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Drexel Sports Authority purchased inventory costing $23,000 by signing a 10%, six-month short-term note payable. The purchase occurred on January 1, 2016. Drexel will pay

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Drexel Sports Authority purchased inventory costing $23,000 by signing a 10%, six-month short-term note payable. The purchase occurred on January 1, 2016. Drexel will pay the entire note (principal and interest) on the note's maturity date of July 1, 2016 Journalize the company's (a) purchase of inventory; and (b) payment of the note plus interest on July 1, 2016. (Record debit first, then credits Exclude explanations them any journal entries.) (a) Journalize the company's purchase of inventory

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