On June 30,2019,Development Company purchased merchandise inventory for $500,000 by signing a six-month,8% note payable.Prepare the journal entry for the payment of the note on December 30,2019.Omit explanation.

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The Answer of On June 30,2019,Development Company purchased merchandise inventory for $500,000 by signing a six-month,8% note payable.Prepare the journal entry for the payment of the note on December 30,2019.Omit explanation.

On June 30,2019,Development Company Purchased Merchandise Inventory for $500,000 by Signing