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On Deqcember 31, 2015, Fyanhoe purchased $8,000 of merchandise inventory on a one-year, 10% note payable. fvanhoe uses a perpetual inventory system. Requirements 1. Joumalize

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On Deqcember 31, 2015, Fyanhoe purchased $8,000 of merchandise inventory on a one-year, 10\% note payable. fvanhoe uses a perpetual inventory system. Requirements 1. Joumalize the company's purchase of merchandise inwentory on December 31, 2015. 2. Journalize the company's accrual of interest expense on June 30,2016 , is fiscal year-end 3. Joumalae the company's payment of the note plus interest on December 31, 2016. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Requirement 1. Joumalize the company's purchase of merchandise inventory on December 31, 2015 Requirement 2. Jourmalize the company's acerual of interest expense on June 30,2016 , its fiscal year-end. On December 31, 2015, tvanhoe purchased $8,000 of merchandise inventory on a one-year, 10% note payable. Ivanhoe uses a perpetual inventory system. Requirements 1. Journalize the company's purchase of merchandise inventory on Decomber 31,2015 . 2. Journalize the company's accrual of interest expense on June 30,2016 , its fiscal year-end. 3. Joumalie the company's payment of the note plus interest on December 31, 2016. (Record debits first, then credits. Select the explanation on the last line of the joumal entry table.) Requirement 1. Joumalze the company's purchase of merchandise inventary on December 31,2015

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