On August 1, 2022. The Resort at Mil Lake, Inc, purchased invertory costing $48,000 by signing a 14%, six-month, short-term note payable. The company will pay the entire note (principal and interest) on the note's maturity date. Read the tequirements Requirement 1. Joumaize the cogpany/s purchase of imentory. (Recond debits first, then credis. Exclude ixplanatians from joumal entries) Requirements 1. Joumalize the companys purchase of inventory 2. Make the adjusting entry for accrual of interest on the nobe payable on December 31, 2022 3. M Decemiber 31, 2022, what is reported on the bulance sheet related to this note payable? 4. Rocord the poyment of the note peyable (principal and interest) on its maturity date