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On April 1 comma 2022April 1, 2022, MillerMiller Company purchased inventory costing $ 87 comma 000$87,000 by signing aa 1010%, nine-month, short-term note payable. MillerMiller
On April 1 comma 2022April 1, 2022, MillerMiller Company purchased inventory costing $ 87 comma 000$87,000 by signing aa 1010%, nine-month, short-term note payable. MillerMiller will pay the entire note (principal and interest) on the note's maturity date. Journalize the company's (a) purchase of inventory and (b) accrual of interest on the note payable on October 31 comma 2022October 31, 2022. (Record debits first, then credits. Exclude explanations from any journal entries.) Question content area bottom Part 1 (a) Journalize the company's purchase of inventory. Journal Entry Date Accounts Debit Credit 2022 Apr 1
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