Chains completed the following sele More info actions in the joomal of Helang Red 2024 JULY Soid merchandise inventory to Gray Mart, moving a $35,000, nine-month, 16% note Ignore Cost of adions for 2004 Oct. 31 Recorded cases for the period of $18,000. gnore Cost of Goods Sold Dec 31 ory to Gray Mat, rooving a $35,00 Accounts Dec 31 Made an adjusting untry to accus interest on the Gray Mar Made an adjunting entry to record bad debt expense based on an aging of accounts receivable The aging schedule shows that $13.500 of accounts receivable will not be collected. Prior to this adjustment the credit balance in Allowance for Bad Debts is $11.000 2025 Apr. 1 Colected the malaty value of the Gray Mart note Jun 23 Aug 22 Nov. 16 Soldierchand inventory to Ambiance. Corp, receiving a 60-day, 9% note for $9,000 Cost of Goods Sid Ambiance Corp dishonored its noto at maturity, the business converted the maturity value of the note to wn account receivable Loaned $23,000 cash to Crenshaw Inc, receiving a 90-day 8% Collected in full on account from Ambiance Corp Dec 5 Dec. 31 Acoved the interest on the Crenshaw, Inc. note Print Done es For notes stat in days use a 365-day year)