On August 1,2022 , The Chateau at Mill Lake, Inc., purchased inventory costing $42,000 by signing a 7%, six-month, short-torm nole payable. The company will pay the entire note iprnolps: and interest) on the note's maturity date. Read the requirements: Requirement 1. Journalize the company's purchase of inventory. (Record debits first, then credits. Exclude explanations from journal enthes.) 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