On December $31,2015,$ Harmony purchased $$6,000$ of merchandise inventory on a one$-$year, $7\%$ note payable. Harmony uses a perpetual inventory system.

Requirements

Journalize the company's purchase of merchandise inventory on December $31,2015$

$2.$

Journalize the company's accrual of interest expense on June $30,2016,$ its fiscal year$-$end.

$3.$

Joumalize the company's payment of the note plus interest on December $31,2016.$

$($Record debits first, then credits. Select the explanation on the last line of the journal entry table.$)$