Question: On December 3 1 , 2 0 2 3 , Cimmaron purchased $ 6 , 0 0 0 of merchandise inventory on a one -

On December 31,2023, Cimmaron purchased $6,000 of merchandise inventory on a one-year, 12% note payable. Cimmaron 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. Journalize the company's purchase of merchandise inventory on December 31,2023.
Requirement 2. Journalize the company's accrual of interest expense on June 30,2024, its fiscal year-end.
On December 31,2023, Cimmaron purchased $6,000 of merchandise inventory on a

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