Flagg Sports Authority purchased inventory costing $32,000 by signing a 7 % short-term, one-year note payable. The purchase occurred on July 31, 2018. Flagg pays annual interest each year on July 31 Read the reaquirements First, journalize the company's (a) purchase of inventory. (Record debits first, then credits. Exclude explanations from journal entries.) Journal Entry Date Debit Accounts Credit 2018 Jul 31 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 Date Accounts Debit Credit 2010 ho nost queation Flagg Sports Authority purchased inventory costing $32,000 by signing a 7% short-term, one-year note payable. The purchase occurred on Ju Read the requirements. Journal Entry Date Accounts Debit Credit 2019 Apr 30 Now, journalize the company's (c) payment of the note plus interest on July 31, 2019. (Record debits first, then credits. Exclude explanations fro Journal Entry Accounts Debit Credit Date 2019 Jul 31 Flagg Sports Authority purchased inventory costing $32,000 by signing a 7 % short-term, one-year note payable. The purchase occurred on July 3 Read the requirements Journal Entry Date Accounts Debit Credit 2019 Jul 31 (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 Amount Account yoar on July 2 Flagg Sports Authority purchased inventory costing $32,000 by signing a 7 % short-term, one-year note payable. The purchase occurred on July 31, 2018. Flagg pays annual interest each Read the reguirements (d) Show what the company would report for liablities 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 Amount Account Now show what the company would report on its income statement for the year ended April 30, 2019 (f a box is not used in the statement, leave the box emphy, do not select a label or onter a zero Income Statement (partial), April 30, 2019 Account Amount