December 31. 2023, Kingston purchased $17,000 of merchandise irventory on a one-year, 8% note parable. Kingston uses a perpetual inventory system Read the reguirements. (Record debits first then credits. Select the explanabion on the last line of the journal entry table.) On December 31. 2023. Kingston purchased 517,000 of merchandise inventory on a one-year, B\% note payable Kingston uses a perpetual inventory sysem. Resd the (Reoord debits frist. then oredits. Select the explanation on the last line of the journal entry table.) Requirements Requirement 2. Joumalize the company's aocrual of in 1. Journaiae the compary's purchase of merchandise inventory on December 31,2023 2. Joumalize the company's accrual of interest expense on June 30, 2024, is fiscal year-end. 3. Journalize the company's payment of the note plus interest on December 31. 2024