On August 1, 2010. The Chateau at Mill Lake, Inc purchased inventory costing $56,000 by signing a 9%, sex-month, short-term note payable. The company will pay the entire note (principal and interest) on the noto's maturity date. Road the requirements Requirement 1. Journalize the company's purchase of inventory (Record debits first, then credits Exclude explanations from journal entries) Journal Entry Accounts Debit Credit Date 2019 Aug 1 the company's purchase of inventory (Record debits first, then credits Exclude explanations from journal entries.) Journal Entry Accounts Debit Credit Requirements 1. 2. Journalize the company's purchase of inventory Make the adjusting entry for accrual of interest on the note payable on December 31, 2019 At December 31, 2019, what is reported on the balance sheet related to this note payable? Record the payment of the note payable (principal and interest) on its maturity date 3. 4. Print Done Date Accounts Debit 2019 1 Cash Interest Expense Interest Payable Inventory Note Payable, Short-term