Richter Company, Which Has a December 31 Year End, and Uses

Essay

Richter Company, which has a December 31 year end, and uses a periodic inventory system, completed the following transactions during 2018 and 2019:
2018
Oct. 14 Sold merchandise to Bruce Company, receiving a 60-day, 9% note for $4,000.
Nov. 16 Sold merchandise to Marine Company receiving a 72-day, 8% note for $6,500.
Dec. 13 Received amount due from Bruce Company.
Dec. 31 Accrued interest on the Marine Company note.
2019
Jan. 27 Collected in full from Marine Company.
Prepare the necessary journal entries to record the above transactions.