On December $31,2023,$ Cimmaron purchased $$6,000$ of merchandise inventory on a one$-$year, $12\%$ note payable. Cimmaron 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 $31,2023.$

Requirement $2.$ Journalize the company's accrual of interest expense on June $30,2024,$ its fiscal year$-$end.