On December 31,2023 , Franklin purchased

$13,000

of merchandise inventory on a one-year,

9%

note payable. Franklin uses a perpetual inventory system.\ Read the feaurements. (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, 2023.\ \\\\table[[Date,Accounts and Explanation,Debit,Credit],[2023,,,],[\\\\table[[Dec.],[31]],,,],[,,,],[,,,],[,

,,],[,,,]]

On December 31,2023 , Franklin purchased $13,000 of merchandise inventory on a one-year, 9% note payable. Franklin uses a perpetual inventory system. Read the equirements. (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 invejtory on December 31, 2023