On December 31,2020 , Wright Enterprises purchased $7,700 of merchandise inventory on a one-year 13% note payable. 1. Journalize the companys purchase of merchandise inventory on December 31, 2020. 2. Journalize the company's accrual of interest expense on June 30,2021 , its fiscal year-end. 3. Journalize the company's payment of the note plus interest on December 31, 2021. On December 31,2020 , Wright Enterprises purchased $7,700 of merchandise inventory on a one-year 13% note payable. 1. Journalize the companys purchase of merchandise inventory on December 31, 2020. 2. Journalize the company's accrual of interest expense on June 30,2021 , its fiscal year-end. 3. Journalize the company's payment of the note plus interest on December 31, 2021