F. Corbeil Food Product, completed the following selected transactions :

2018 :

Nov. 1 : sold goods to Sims foods,receiving a $300 000 , six-month, 5% note

Dec;10 : recorded Mastercard credit card sales of $30 000. Mastercard charges 4% fee.

Dec. 31 : made an adjusting entry to record accrued interest on the Sims note

Dec. 31 : made an adjusting entry to record bad debt expense based on an aging of accounts receivable that indicates that $ 154 000 will not be collected. Previous credit balance of the allowance for doubtful accounts is $ 140 000

2019 :

May 1 : collected the maturity value of the Sims note

June 23 : sold merchandise to Fanzis Food receiving a $18 000,30 days, 6% note

July 23 : Fanzis Food failed to pay its note at maturity

Nov. 16 : lent $ 25 000 to Micha Inc. receiving a 120 days, 8% note

Dec. 5 : collected in full from Fanzis Food

Dec.31 : recorded accrued interest on Michas note

REQUIRED :

Record the transactions in the general journal . Include explanations

Round your calculations to 2 decimals