Current Attempt in Progress Is merchandise on April 1, 2017 to Red River Enterprises in return for a 12 month, 11%, $14,400 note, with interest due at maturity The company uses a perpetual inventory system and the cost of the inventory sold was $7.920. Oak Ridge has a December 31 year end and adjusts its accounts annually. Prepare the journal entries that Oak Ridge will record with regard to this note from April 1, 2017 until the note matures on March 31. 2018. (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 O for the amounts.) Date Account Titles and Explanation Debit Credit (To record sales) (To record cost of merchandise sold) (To record sales) (To record cost of merchandise sold)