The following selected transactions for notes receivable are for Speedway Limited.

May

Received a six$-$month, $5\%,$$$10,560$ note on account from Blackstone Limited. Interest is due at

$1$ maturity.

June $30$ Accrued interest on the Blackstone note on this date, which is Speedway's year end.

July Lent $$8,400$ cash to an employee, Noreen Wong, issuing a three$-$month, $7\%$ note. Interest is due at the

$1$ beginning of each month, starting August $1.$

Aug. $1$ Received the interest due from Ms$.$ Wong.

Sept. $1$ Received the interest due from Ms$.$ Wong.

Oct. $1$ Received payment in full for the employee note from Ms$.$ Wong.

Nov. $1$ Wrote off the Blackstone note because Blackstone defaulted. Future payment is not expected.

Record the above transactions for Speedway Limited. $($List all debit entries before credit entries. Credit

account titles are automatically indented when 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.$)$