On August 1, 2022. The Resort at Mit Lake, lnc., purchased inventory costing $50,000 by signing a 6%. six-mionth, shortterm note payable. The company wil pay the entire note (principal and intorest) on the nole's maturity date. Read the requirements Requirement 1. Journalize the company's purchase of imventory. (Record dobits first, then ciedits. Exclude explanations from journal entries.) Requlrement 3. Al Decertber 31, 2022, what is roported on the balance sheot rolated to this note payoblo? (er an input field is not used in the lable, loste the feld emcty. do not seiect a label or enter a zera . Requirements 1. Journalize the company's purchase of inventory. 2. Make the adjusting entry for accrual of interest on the note payable on December 31 , 2022. 3. At December 31,2022 , what is reported on the balance sheet related to this note payable? 4. Record the payment of the note payable (principal and interest) on its maturity date