[mjey]

I need journal entery of:
Complete durin the fisical year ended December 31, are as follows:
March 1 Purchased merchandise inventory on accont from john Co, $15000.
April 10 Issued a 60 days, 12% note for 15000 to john Co on account.
June 9 Paid john Co. the amount awed on the note of April 10

[pready]

Mar 1 Debit merchandise Inventory 15,000, Credit Accounts Payable 15,000
Apr 10 Debit Accounts Payable 15,000, Credit Notes Payable 15,000
Jun 9 Debit Notes Payable 15,000, Debit Interest Expense, Credit Cash 15,300 (360 day or Bankers Rule).