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On December 31, 2015, Harmony purchased $14,000 of merchandise inwentory on a one-year, 12% noto payable. Harmony uses a perpetual inventory system Requirements 1. Journalize
On December 31, 2015, Harmony purchased $14,000 of merchandise inwentory on a one-year, 12% noto payable. Harmony uses a perpetual inventory system Requirements 1. Journalize the company's purchase of merchandise inventory on Docomber 31,2015. 2. Journalize the company's accruat 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 dobits first, then credits. Select the explanation on the last line of the journal entry table.) Requirement 1. Joumalize the company's purchase of morchandiso inventory on December 31,2015 (1) Tme Remaining: 00:34:45
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