On December 31, 2017, Finley purchased $17,000 of merchandise inventory on a one-year, 12% note payable. Finley 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 Date Accounts and Explanation Debit Credit 2017 Dec 31 Requirement 2. Journalize the company's accrual of Interest expense on June 30, 2018 its fiscal year-end. Date Accounts and Explanation Debit Credit 2018 Jun 30 Requirement 3. Journalize the company's payment of the note plus interest on December 31, 2018 Prepare a single compound entry for this transaction) Accounts and Explanation Debit Credit Choose from any list of enter any number in the input fields and then continue to the next question 1 Requirements June 30, 2018, 1. Journalize the company's purchase of merchandise inventory on December 31, 2017 2. Journalize the company's accrual of interest expense on June 30, 2018, its fiscal year-end 3. Journalize the company's payment of the note plus interest on December 31, 2018 Print Done est on December 31, 2018. (Prepare a single compound entry for this transaction.) Debit Credit continue to the next question On December 31, 2017 Finley purchased $17,000 of merchandise inventory on a one year, 12% note payable. Finley uses a perpetual Read the requirements (Record debits first, then credits Select the explanation on the last line of the journal entry table.) Requirement 2. Journalize the company's accrual of interest expense on June 30, 2018, its fiscal year-end. Date Accounts and Explanation Debit Credit 2018 Jun 30 Requirement 3. Journalize the company's payment of the note plus interest on December 31, 2018. (Prepare a single compound entry Date Accounts and Explanation Debit Credit 2018 Dec. 31 Choose from any list of enter any number in the input fields and then continue to the next