2018 Jul. Sold merchandise inventory to Go - Mart, receiving a $44,000, nine-month, 12% note. Ignore Cost of Goods Sold. Oct. 31 Recorded cash sales for the period of $20,000. Ignore Cost of Goods Sold. Dec. 31 Made an adjusting entry to accrue interest on the Go - Mart note. 31 Made an adjusting entry to record bad debt expense based on an aging of accounts receivable. The aging schedule shows that $13,100 of accounts receivable will not be collected. Prior to this adjustment, the credit balance in Allowance for Bad Debts is $10,200. 2019 Apr. 1 Collected the maturity value of the Go - Mart note. Jun. 23 Sold merchandise inventory to Allure, Corp., receiving a 60-day. 9% note for $8,000. 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. Nov. 16 Loaned $22,000 cash to Connely, Inc., receiving a 90-day, 8% note. Dec. 5 Collected in full on account from Allure, Corp. 31 Accrued the interest on the Connely, Inc. note Dec. 31: Made an adjusting entry to record bad debt expense based on an aging of accounts receivable. The aging schedule shows that $13,100 of accounts receivable will not be collected. Prior to this adjustment, the credit balance in Allowance for Bad Debts is $10,200. Date Accounts and Explanation Debit Credit 2018 Dec. 31