On December 31, 2017, Edgmont purchased S9.000 of merchandise inventory on a one-year, 12% note payable. Edgmont 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 Requirements Credit Date 2017 Dec. 31 Accounts and Explanation Debit 1. Journalize the company's purchase of merchandise inventory on December 2. Journalize the company's accrual of interest expense on June 30, 2018, its . Journalize the company's payment of the note plus interest on December 31 31, 2017 fiscal year-end 2018