17. Cimmaron purchased $8,000 of merchandise inventory on a one-year, 10% note payable. Cimmaron uses a perpetual inventory is. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Question d merchandise Requirements nalize the comp 1. Journalize the company's purchase of merchandise inventory on December 31, 2017 2. Journalize the company's accrual of interest expense on June 30, 2018 its fiscal year-end 3. Journalize the company's payment of the note plus interest on December 31 2018 stor enter any number n thenput fields and then check Answer TOP On December 31, 2017, Cimmaron purchased $8,000 of merchandise inventory on a one-year, 10% note payable Cammaron uses a perpetual inventory system Read the autrement (Record debits first, then credits. Select the explanation on the last line of the journal entry table) Purchased merchandise inventory in exchange for one-year note, Requirement 2. Journalize the company's accrual of interest expense on June 30, 2018. its fiscal year-end Date Accounts and Explanation Debit 2018 Jun 30 Credit Chans