On December 31, 201\%, Frankin purchased $13,000 of merchandise inventory on a one-year, 9% note payable, Frankin uses a perpotual inventory system. Read the cequiements. (Record debts first, then credis. Select the explanafon on the last line of the joumal entry table.) Requirement 1. Joumalize the conpany's purchase of merchandise inventory on December 31, 2017. Requirement 2. Joumalize the company's acifuat of interest expense on June 30,2018 , as fiscal yeac-end. Requirement 2. Joumalize the company's accrual of interest expense on June 30,2018 , its fiscal year-end. Requirement 3. Joumalize the company's payment of the note plus interest on December 31, 2018. (Prepare a single compound entry for this transaction.)