Ramona Sports Authority purchased inventory costing $25,000 by signing a 4% short-term, one-year note payable. The purchase occurred on July 31, 2018. Ramona pays annual interest each year on July 31. Read the requirements First, journalize the company's (a) purchase of inventory. (Record debits first, then credits. Exclude explanations from journal entries.) Journal Entry Date Accounts Debit Credit 2018 Jul 31 Requirements Next, journalize the company's (b) accrual of interest expense on April 30, 2019, which is the company's fiscal year-end. (Record debits first, then credits. Exclude explanations from journal entries.) Journal Entry Accounts Date Debit Credit 2019 Journalize the company's (a) purchase of inventory; (b) accrual of interest expense on April 30, 2019, which is the company's fiscal year-end; and (c) payment of the note plus interest on July 31, 2019. (Round your answers to the nearest whole number.) (d) Show what the company would report for liabilities on its balance sheet at April 30, 2019, and on its income statement for the year ended on that date. Apr 30 Print Done Now, journalize the company's (c) payment of the note plus interest on July 31, 2019. (Record debits first, then credits. Exclude explanations from journal entries. Round your answers to the nearest whole number.) Journal Entry Accounts Date Debit Credit 2019 Jul 31 (d) Show what the company would report for liabilities on its balance sheet at April 30, 2019, and on its income statement for the year ended on that date. Begin by showing what the company would report for liabilities on its balance sheet at April 30, 2019. Balance Sheet (partial) on April 30, 2019 Account Amount (d) Show what the company would report for liabilities on its balance sheet at April 30, 2019, and on its income statement for the year ended on that date. Begin by showing what the company would report for liabilities on its balance sheet at April 30, 2019. Balance Sheet (partial) on April 30, 2019 Account Amount Now show what the company would report on its income statement for the year ended April 30, 2019. (If a box is not used in the statement, leave the box empty, do not select a label or enter a zero.) Income Statement (partial), April 30, 2019 Account Amount Choose from any list or enter any number in the input fields and then continue to the next