Kingston Sports Authority purchased inventory costing $26,000 by signing a 66%, six-month, short-term note payable. The purchase occurred on March 1, 2018. Kingston will pay the entire note (principal and interest) on the note's maturity date of September 1, 2018. Journalize the company's
(a) purchase of inventory; and
(b) payment of the note plus interest on March 31, 2015?, which is the? year-end; and?
(c) payment of the note plus interest on June 30, 2015. ?(Round your answers to the nearest whole? number.)
(d) Show what the company would report on its balance sheet at March 31,2015?, and on its income statement for the year ended on that date. ?
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