Tropical North Company, which has a December 31 year end and uses a periodic inventory system, completed

Question:

Tropical North Company, which has a December 31 year end and uses a periodic inventory system, completed the following transactions during 2016 and 2017:
2016
Oct. 14 Sold merchandise to OFTR Racing, receiving a 60-day, 6 percent note for $5,000.
Nov. 16 Sold merchandise to Sunshine Racing receiving a 72-day, 4 percent note for $7,500.
Dec. 13 Received amount due from OFTR Racing.
Dec. 31 Accrued interest on the Sunshine Racing note.
2017
Jan. 27 Collected in full from Sunshine Company.
Required
Prepare the necessary journal entries to record the above transactions.
Assume that a 365-day year is used for calculations.