Sports Authority purchased inventory costing $30,000 by signing a 4?% ?short-term, one-year note payable. The purchase occurred on July ?31, 2018. Sherlock pays annual interest each year on July July 31.

0 Requirements -' A Joumalize the company's {a} purchase of inventory; {b} accrual of interest expense on April 30, EH19, which is the company's scal yearend; 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 3t}, 2019, and on its income statement for the year ended on that date. 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 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 Date Accounts Debit Credit 2019 Apr 30 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 Date Accounts Debit Credit 2019 Jul 31( d ) Show what the company would report for liabilities on its balance sheet tat 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 30 201 Balance Sheet ( partial on April 30 , 2019 Account Amount Now show what the company would report on its income statement for the ment for the year ended April 30 2019 of a box is not used in the statement I gave the box empty do not select a label for enter a zero . ) Income Statement ( partial ) , April 30 , 2019 Account Amount