True North Company, which has a December 31 year-end and uses a periodic inventory system, completed the following transactions during 2019 and 2020. (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. Oct. 14, 2019. Sold merchandise to AMAZ Racing, receiving a 60-day, 6 percent note for $6,400. (Record debits first, then credits. Exclude explanations from journa Journal Entry Debit Credit Date Accounts Oct Nov. 16, 2019. Soid merchandise to Tipper Racing, receiving a 72-day, 7 percent note for $10,500. Journal Entry Accounts Date Debit Credit Nov Choose from any list or enter any number in the input fields and then continue to the next question. i Transactions s fror 2019 Oct. 14 Sold merchandise to AMAZ Racing, receiving a 60-day, 6 percent note for $6,400. Nov. 16 Sold merchandise to Tipper Racing, receiving a 72-day, 7 percent note for $10,500. Dec. 13 Received amount due from AMAZ Racing. Dec. 31 Accrued interest on the Tipper Racing note. 2020 Jan. 27 Collected in full from Tipper Racing. ng Print Done Dec. 13, 2019. Received amount due from AMAZ Racing. (Round your answers to the nearest cent.) Journal Entry Date Accounts Debit Credit Dec Dec. 31, 2019. Accrued interest on the Tipper Racing note. (Round your answers to the nearest cent.) Journal Entry Date Accounts Debit Credit Dec. Jan. 27, 2020. Collected in full from Tipper Racing (Round your answers to the nearest cent.) Journal Entry Date Accounts Debit Credit Jan. Choose from any list or enter any number in the input fields and then continue to the next