TUI, 2011, on purchased 311.000 of merchandise inventory on a one-year, 12% note payable. Kingston uses a perpetual inventory system. Read the requirements (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, 2017 Date Accounts and Explanation Debit Credit 2017 Dec. 31 Requirement 2. Joumalize the company's accrual of interest expense on June 30, 2018, its fiscal year-end. Date Accounts and Explanation Debit 2018 Jun 30 Credit Requirement 3. Joumalize the company's payment of the note plus interest on December 31, 2018. (Prepare a single compound entry for this transaction) Date Accounts and Explanation Debit Credit Requirement 3. Joumalize the company's payment of the note plus interest on December 31, 2018. (Prepare a single compound entry for this transaction.) Date Accounts and Explanation Debit Credit 2018 Dec. 31