On January 1, 2019, Howard Company purchased inventory costing $85,000 by signing a 6% nine-month, short-term note payable. Howard 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 July 31, 2019. (Record debits first, then credits. Exclude explanations from any journal entries.) (a) Journalize the company's purchase of inventory. Journal Entry Accounts Date Debit Credit 2019 Jan (b) Journalize the company's accrual of interest on the note payable on July 31, 2019 Journal Entry Accounts Date Debit Credit 2019 Jul 31