1%) S11-4 (similar to) Quis/Test De Homework On Dcembee 31,2017,Cimmaron parchased $16,000 of merchandos inisentory on a one yerar 50% notde payable Cmmaron uses a perpetual Inventory system Take Read the requirements (Record debits fest, then credts Select the explanution on the last ine oif the yurnal entry table Credit Debit Date 2017 Dec. 31 Merchandise Inventor 16000 Notes Payable 16.000 Date 2018 Jun 30 Debit Credt Accrued interest espese at year e tlns and then chck Check