Question: help me find the answer On December 31, 2020, Wright Enterprises purchased $6,500 of merchandise inventory on a one-year 10% note payable. 1. Journalize the

help me find the answer

On December 31, 2020, Wright Enterprises purchased $6,500 of merchandise inventory on a one-year 10% note payable. 1. Journalize the company's 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. Date Description Debit Credit December 31, 2020 Merchandise Inventory v 6500 Notes Payable 6500 June 30, 2021 Interest Expense V Interest Payable V December 31, 2021 Notes Payable 6500 Interest Payable Interest Expense Cash

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