On December 31, 2023, Ivanhon purchased $5,000 of merchandise inventory on a one-year, 11% not payable, Ivanho uses a perpetual inventory system Read the requirements (Record debts first, then credits. Select the explanation on the last one of the journal entry tain) Cred Requirement 1. Joumalize the company's purchase of merchandise inventory on December 31, 2023, Date Accounts and Explanation Debu 2023 Dec 31 Requirement 2. Journalize the company's accrual of interest expense on June 30, 2024, its fiscal year-end Debit Credit Date Accounts and Explanation 2024 Jun 30 any's purchase of merchandise inventory on December 31, 2023 Accounts and Explanation Requirements 1. Journalize the company's purchase of merchandise inventory on December 31, 2023 2. Journalize the company's accrual of Interest expense on June 30, 2024, its fiscal year-end. 3. Journalize the company's payment of the note plus interest on December 31, 2024 Sany's accrual of interest expens Accounts and Explanation Print Done Requirement 2. Journalize the company's accrual of interest expense on June 30, 2024, is focal year-end. Accounts and Explanation Debit Credit Date 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 thin transaction) Debit Credit Date Accounts and Explanation 2024 Dec. 31