EQuestion Help Sherlock Sports Authority purchased inventory costing $26,000 by signing a 7 % short -term, one-year note payable. The purchase occurred on July 31, 2018, Sherlock pays annual interest each year on July 3 Read the requirements First, jounalize the company's (a) purchase of inventory. (Record debits first, then credits. Exclude explanations from journal entries ) Journal Entry Date Accounts Debit Credit Next, journalue the company's (b) accrual of interest expense on April 30, 2019, which is the company's fiscal year-ond (Record debits first, then aredits. Exclude expianations from joumal entries) Journal Entry Date: Debit Credit Accounts 2010 Choose from any list or onter any number in the input fields and then continue to the next question Sherlock Sports Authority purchased inventory costing $26,000 by signing a 7 % short-term, one-year note payable. The purchase occurred on July 31, 2018. Sherlock pays annual interest each year of Read the requirements Next, journalize the company's (b) accrual of interest expense on April 30, 2019, which is the company's fiscal year-end. (Record debits first, then credits. Exclude explanations from jounal entries) Journal Entry Credit Debit Date Accounts Excide explanations from journal entries, Round your answers to the nearest who n the company's (c) payment of the note plus interest on July 31, 2019, (Record debirs frst, thon credits Now, jo w Journal Entry Accounts Credit Debit Date Choose from any ist or enter any number in the input fields and then continue to the next question Ouoston He Sherlock Sports Authority purchased inventory costing $26,000 by signing a 7 % short-lerm, one-year note payable. The purchase occurred on July 31, 2018. Sherlock pays annual interest each year on July 31 Read the requirements Now, journalize the company's (c) payment of the note plus interest on July 31, 2019. (Record debits first, then aredits. Exclude explanations from joumal entries. Round your answers to the nearest whole numbe Journal Entry Accounts Credt Date Debit 2010 JU (d) Show company would report for liabilties on its balance sheet at April 30, 2019, and on its income statement for the year ended on that date Choose f y fist or enter any number in the input fields and then continue to the next question Sherlock Sports Authority purchased inventory costing $26,000 by signing a 7 % short-term, one-year note payable. The purchhase occurred on July 31, 2018. Sherlock pays annual interest each year on July Read the requirements. (d) Show what the company would report for liabilities on its balance sheet at April 30, 2019, and on its income statement for the year ended on that date. Begin by showing what the company would report for liabilities on its balance sheet at April 30, 2019 Balance Sheet (partial) on April 30, 2019 Account Amount wshow what the company would report on its income statement for the year ended April 30, 2019 (If a box is not used in the statement, leave the box empty do not select a label or enter a zero) ns aement (partial), April 30, 2019 Account Amount Choose from any list or enter any number in the input fields and then oontinue to the next
