Accounting for uncollectible accounts(aging of receivables method) credit card sales, note receivable, and accrued interest revenue.

Sleepy Recliner Chairs completed the following Selected transactions:

Dec 31.2013_ Bad Debts Expense $3900.

2013

Jul.1 Sold merchandise Inventory to Go Mart, receiving a $37000, nine month , 8% note. Ignore cost of good sold.

Oct 31 Recorded credit and debit card sales for the period of $19000.(use the gross method)

Nov 3 Card processor drafted company checking account for processing Fee of $420.

Dec 31 made an adjusting entry to accrue interest on the Go Mart note.

31 made an adjusting Entry to record bad debts expense based on an aging of accounts receivable. the aging Schedule shows that $14100 of accounts receivable Will not be collected . prior to this adjustment, the credit balance in Allowance for bad Debts is $10200.

2014

Apr 1 Collected the maturity value of the Go Mart note.

Jun. 23 Sold merchandise inventory to appeal, Corp, receiving a 60 day, 12% note for t$7000. ignore cost of good sold.

august 22. appeal, Corp. dishonored its note at maturity, the business converted the maturity Values of the note to an account receivable

Nov 16 loaned $23000 cash to Welch, inc; Receiving A 90DaY 16% Note.

Dec 5 collected In Full o account from appeal , corps.

31 accrued the interest on the Welch, Inc. Note.

Record the transactions in the journal of Sleepy Recliner Chairs. for notes stated in days, use a 360 day year. round to the nearest dollar.