On March 1 comma 2019March 1, 2019 , JasperJasper Company purchased inventory costing $ 87 comma 000$87,000 by signing aa 1010 %, nine-month, short-term note payable. JasperJasper will pay the entire note (principal and interest) on the note's maturity date. Journalize the company's (a) purchase of inventory; and (b) accrual of interest on the note payable on September 31 comma 2019September 31, 2019
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Home » Business » On March 1 comma 2019March 1, 2019 , JasperJasper Company purchased inventory costing $ 87 comma 000$87,000 by signing aa 1010 %, nine-month, short-term note payable.