Sherlock Sports Authority purchased inventory costing $30,000 by signing a 4% short-term, one-year note payable. The purchase occurred on July 31, 2021. Sherlock 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.) Date 2021 Jul 31 Journal Entry Accounts 0 of 0 of 5 Debit Credit 0 of 2 Next, journalize the company's (b) accrual of interest expense on April 30, 2022, which is the company's fiscal year-end. (Record debits first, then credits. Exclude explanations from journal entries.) Date 2022 Journal Entry Accounts 0 of 3 c Debit Credit 0 of 6 qu