ing Objectives 1, 3, 4 P-F:8-32A Accounting for uncollectible accounts (aging-of-receivables method), notes receivable, and accrued interest revenue Sleepy Recliner Chairs completed the following selected transactions: 2024 Interest Receivable $1,640 2024 Jul. 1 Oct. 31 Dec. 31 Sold merchandise inventory to Stan-Mart, receiving a $41,000, nine-month, 8% note. Ignore Cost of Goods Sold. Recorded cash sales for the period of $24,000. Ignore Cost of Goods Sold. Made an adjusting entry to accrue interest on the Stan-Mart note. Made an adjusting entry to record bad debts expense based on an aging of accounts receivable. The aging schedule shows that $13,800 of accounts receivable will not be collected. Prior to this adjustment, the credit balance in Allowance for Bad Debts is $11,800. 31 2025 Apr. 1 Jun. 23 Aug. 22 Collected the maturity value of the Stan-Mart note. Sold merchandise inventory to Appeal Corp., receiving a 60-day, 6% note for $7,000. Ignore Cost of Goods Sold. Appeal Corp. dishonored its note at maturity; the business converted the maturity value of the note to an account receivable. Loaned $17,000 cash to Crosby, Inc., receiving a 90-day, 16% note. Collected in full on account from Appeal Corp. Accrued the interest on the Crosby, Inc. note. Nov. 16 Dec. 5 31 Record the transactions in the journal of Sleepy Recliner Chairs. Explanations are not required. (Round to the nearest dollar.)