Relax Recliner Chairs completed the following selected transactions:     

Record the transactions in the journal of Relax Recliner Chairs. Explanations are not required. (Round to the nearest dollar.)

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2024 Jul. 1 Oct. 31 Dec. 31 31 2025 Apr. 1 Jun. 23 Sold merchandise inventory to Go-Mart, receiving a $43,000, nine-month, 16% note. Ignore Cost of Goods Sold. Nov. 16 Dec. 5 31 Recorded cash sales for the period of $23,000. Ignore Cost of Goods Sold. Made an adjusting entry to accrue interest on the Go-Mart note. Made an adjusting entry to record bad debts expense based on an aging of accounts receivable. The aging schedule shows that $14,900 of accounts receivable will not be collected. Prior to this adjustment, the credit balance in Allowance for Bad Debts is $10,700. Collected the maturity value of the Go-Mart note. Sold merchandise inventory to Allure Corp., receiving a 60-day, 6% note for $7,000. Ignore Cost of Goods Sold. Aug. 22 Allure Corp. dishonored its note at maturity; the business converted the maturity value of the note to an account receivable. Loaned $20,000 cash to Tench, Inc., receiving a 90-day, 8% note. Collected in full on account from Allure Corp. Accrued the interest on the Tench, Inc. note.