Current Attempt in Progress Speedway Lid sells merchandise on April 1,2020, to Red River Enterprises in return for a 12-month, 8x, \$13,200 note, with interest due atmaturity. The compony uses a perpetual inventory sytem and the cost of the inventory sold was $7,920. Speedway has a December 31 year end and adjusts its accounts annually. Prepare the journal entries that Speedway will record with regard to this note from April 1,2020, until the note matures on March 31, 2021. (List all debit entries before credit entries. Credit account tities are automaticalty indented when the amount is entered. Do not indent manually, If no entry is required, select "No Entry for the account titles and enter o for the amounts.) To recond cont of merchandive sold