Pukalani Ltd$.$ sells merchandise on April $1,2023,$ to Red River Enterprises in return for a $12-$month, $9\%,$ $$13,200$ note, with interest

due at maturity. The company uses a perpetual inventory system and the cost of the inventory sold was $$7,920.$ Pukalani has a

December $31$ year end and adjusts its accounts annually. Prepare the journal entries that Pukalani will record with regard to this note

from April $1,2023,$ until the note matures on March $31,2024.($List all debit entries before credit entries. Credit account titles are

automatically indented when the amount is entered. Do not indent manually. If no entry is required, select $"$No Entry" for the account titles and

enter $0$ for the amounts. Record entries in the order displayed in the problem statement.$)$

Date

Account Titles and Explanation

Debit

Credit

$($To record sales$)$

$($To record cost of merchandise sold$)$

eTextbook and Media

List of Accounts