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On December 31, 2023, Gordon purchased $10,000 of merchandise inventory on a one-year, 11% note payable. Gordon uses a perpetual inventory system Read the requirements

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On December 31, 2023, Gordon purchased $10,000 of merchandise inventory on a one-year, 11% note payable. Gordon uses a perpetual inventory system Read the requirements (Record debits first, then credits. Select the explanation on the last line of the joumal entry table) Requirement 1. Journalize the company's purchase of merchandise inventory on December 31, 2023. Accounts and Explanation Debit 2023 Date Credit Dec 31 Requirement 2. Journalize the company's accrual of interest expense on June 30, 2024, its fiscal year-end Date Accounts and Explanation Debit Credit 2024 Jun 30 Requirement 3. Journalize the company's payment of the note plus interest on December 31, 2024. (Prepare a single compound entry for this transaction) Date Accounts and Explanation Debit Credit 2024 Choose from any list or enter any number in the input Tields and then continue to the next

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