perpehusil niventanry system. Wh company uses the On April 1, Tedesco Sales, Inc. purchased irwentory costig $408,400 using a 5 month trade note payabie. The note carries an annual interest rate of 8%. Tedesoo has a December 31 year end. Prepare the joumal entries required. The c perpetusl iwemory system. What is interest expense duing the ourrent What is the interest expense during the ourrent year? Prapare the journal entrias required to record the transactiors. Recond debits first, then credits. Ecludo explanations fram any joumal anbrie Apn 1:Tedesco Sales, Inc. purchased inventory costng $458.400 usng a month trade nate payable. Apr 1 Account Scptember1: Payment of the trade note payabic plus inlerest