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Lecter Sports Authority purchased inventory costing $24,000 by signing a 5% short-term, one-year note payable. The purchase occurred on July 31, 2018 Lector pays annual
Lecter Sports Authority purchased inventory costing $24,000 by signing a 5% short-term, one-year note payable. The purchase occurred on July 31, 2018 Lector pays annual interest each year on July 31. Read the requirements First nalize the chased inventory costing $24,000 by signing a 5% short-term, one-year note payable. The purchase occur m July 31. any's (a) pui Requirements Journalize the company's (a) purchase of inventory; (b) accrual of interest expense on April 30, 2019, which is the company's fiscal year-end; and (c) payment of the note plus interest on July 31, 2019. (Round your answers to the nearest whole number.) (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. | Done company's (b) ad urnal entries.) Jebits first ist or enter any number in the input fields and then continue to the next question. (6); 1719 antara Dan
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