On december 31 ,2015 , vanhoe purchased 5000 of merchandise inventory on a one-year, 7% note payable. uses a perpetual inventory system.

Requirements

1.

Journalize the company's purchase of merchandise inventory on , .

2.

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

3.

Journalize the company's payment of the note plus interest on , .

This Question: 1 pt t of 2 (complete This On December 31, 2016, vanhoe purchased 65.000 of merchandise nentory on a one-yemt. 76 note patie vanhoe mes a perpetua inventory system Requirements 1 Journal the company's purchase of merchandise inventory on December 31, 2015 2 Journize the common of Wrest expense on June 30, 2016, its focal year end Journal the con pays payment of the toplusterest on December 31, 2016 (econd de test, then crect the plantion on the line of the journal entry) 3 Credit Requirement.loumice the company's purchase of merchandise rentary on December 31, 2015 Data Accounts and Explanation Det De 1 Merchandisery 3000 Notes Payable 5000 Paharchade enton court Requirement. Jou the company's of intereson 2016, sayan Dale Accounts and Explanation De Crn Jun in Expert 171 Acord Referend Requirement Journal the company's payment of the notes interest on December 31, 2016. (ea single compounds) Date Account and Explanation Dett Credi Choose from any list or strany tumber in the input fields and then continue to the nation Purchased merchandise inventory on account Requirement 2. Joumalize the company's accrual of interest expense on June 30, 2016, its fiscal year-end. Date Accounts and Explanation Debit Credit Jun 30 Interest Expense 175 Interest Payable 175 Accrued interest expense of year-end Requirements. Journalize the company's payment of the note plus interest on December 31, 2016. Prepare a single compound entry for this transaction Date Accounts and Explanation Debit Credit Dec 31 Choose from any list of enter any number in the input fields and then continue to the next Gestion MacBook Pro