Speedway Ltd. sells merchandise on Apeil 1,2020, to Red River Enterprises in return for a 12 -month, 8\%, $13,200 note, with interest due at maturity. The company uses a perpetual inventory system and the cost of the inventory sold was 57,920: Speedway hica December 31 year end and adjusts its accounts annually. Prepare the jourmal entries that Speedway will record with repard to this note from April 1,2020, until the note natures on March 31, 2021. (List all debit entries before credit entries. Credit occuuat titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, seicct "No Entry for the account titles and enter 0 for the amounts.) Speedway Ltd. sells merchandise on Apeil 1,2020, to Red River Enterprises in return for a 12 -month, 8\%, $13,200 note, with interest due at maturity. The company uses a perpetual inventory system and the cost of the inventory sold was 57,920: Speedway hica December 31 year end and adjusts its accounts annually. Prepare the jourmal entries that Speedway will record with repard to this note from April 1,2020, until the note natures on March 31, 2021. (List all debit entries before credit entries. Credit occuuat titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, seicct "No Entry for the account titles and enter 0 for the amounts.)