Score: 0 of 2 pts 3 of 7 (6 complete) X E8-12A (similar to) On August 1, 2019, The Resort at Mill Lake, Inc., purchased inventory costing $48,000 by signing a 14%, six-month, short-term note payabl Read the requirements. Requirement 1. Journalize the company's purchase of inventory. (Record debits first, then credits. Exclude explanations from journal entries Journal Entry Accounts Debit Credit Dato 2019 Aug 1 ndix F Graded Homework 3 of 7 (6 complete) HW Score: 24.24%, 3.64 of Question Help tory costing $48.000 by signing a 14%, six-month, short-term note payable. The company will pay the entire note (principal and interest) on the noto's maturity date. (Record debits first, then credits. Exclude explanations from joumal entries.) Dobit Credit Ery * Requirements 1. 2. Journalize the company's purchase of inventory. Make the adjusting entry for accrual of interest on the note payable on December 31, 2019 At December 31, 2019, what is reported on the balance sheet related to this note payable? Record the payment of the note payable (principal and interest) on its maturity date. 3. 4. Print Done