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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
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. equirement 2. Journalize the company's accrual of interest expense on June 30, 2024, its fiscal year-end. On December 31,2023 , Lemoyne purchased \\( \\$ 12,000 \\) of merchandise inventory on a one-year, \8 note payable. Lemoyne uses a perpetual inventory system. Requirement 1. Journalize the company's purchase of merchandise inventory on December 31, 2023. Requirement 3. Journalize the company's payment of the note plus interest on December 31,2024 . (Prepare a single compound entry for this transaction.)
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