True North Company, which has a December 31 year end and uses a periodic inventory system, completed the following transactions during 2022 and 2023. (Click the icon to view the transactions.) Required Prepare the necessary journal entries to record the transactions. Assume that a 365-day year is used for calculations. October 14, 2022. Sold merchandise to AMAZ Racing, receiving a 60-day, 6 percent note for $6,600. (Record debits first, then credits. Exclude explanations from journal entries.) Debit Credit Date October 14 Date November 16 Accounts November 16, 2022. Sold merchandise to Tipper Racing, receiving a 72-day, 7 percent note for $8,500. Accounts Debit Credit Date Notes Receivable-AMAZ Racing Sales Revenue December 13 Notes Receivable-Tipper Racing Sales Revenue 6,600 Cash Notes Receivable-AMAZ Racing Interest Revenue December 13, 2022. Received amount due from AMAZ Racing. (Round your answers to the nearest cent.) Accounts Debit Credit Y 6,600 8,500 8,5000 December 31, 2022. Accrued interest on the Tipper Racing note. (Round your answers to the nearest cent.) Transactions October 14, 2022 November 16, 2022 December 13, 2022 December 31, 2022 January 27, 2023 Sold merchandise to AMAZ Racing, receiving a 60-day, 6 percent note for $6,600. Sold merchandise to Tipper Racing, receiving a 72-day, 7 percent note for $8,500. Received amount due from AMAZ Racing. Accrued interest on the Tipper Racing note. Collected in full from Tipper Racing. Print Done

III IClich tha keen to view the transactiona) Repuind Transactions October 14, 2022 Sold merchandise is AwWZ Alacing. mceiving a 60 day. of partert nole \\( 60 \\mathrm{~s} 5.00 \\). percet fole for 56.500 . December 13, 2022 Received anount do trom awz Racing December 31, 2022 Acoved intereat on the Tpper Rasing note. Jamary \\( n \\), awas Coleclod in tat fom Toper Racive December 31, 2022. Accrued interest on the Tipper Racing note. (Round your answers to the nearest cent. January 27, 2023. Collected in full from Tipper Racing. (Round your answers to the nearest cent.) III IClich tha keen to view the transactiona) Repuind Transactions October 14, 2022 Sold merchandise is AwWZ Alacing. mceiving a 60 day. of partert nole \\( 60 \\mathrm{~s} 5.00 \\). percet fole for 56.500 . December 13, 2022 Received anount do trom awz Racing December 31, 2022 Acoved intereat on the Tpper Rasing note. Jamary \\( n \\), awas Coleclod in tat fom Toper Racive December 31, 2022. Accrued interest on the Tipper Racing note. (Round your answers to the nearest cent. January 27, 2023. Collected in full from Tipper Racing. (Round your answers to the nearest cent.)