On December $31,2017,$ Gordon purchased $$11,000$ of merchandise inventory on a one$-$year, $12\%$ note payable. Gordon uses a perpetual inventory system.

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

Requirement $1.$ Journalize the company's purchase of merchandise inventory on December $31,2017.$

$\backslash$table$[[$Date$,$Accounts and Explanation,Debit,Credit$],[2017],[$Dec$.31],[,$Requirements$],[,\backslash$table$[[1.$ 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 $31,],[2018.]]]]$