Jul. 1 Sold merchandise inventory to Green-Mart, receiving a $40,000, nine-month, 10% note. Ignora Cost of Oct. 31 Recorded cash sales for the period of \$23,000. Ignore Cost of Goods Sold. Dec.31 Made an adjusting entry to accrue interest on the Green-Mart note. Dec.31 Made an adjusting entry to record bad debt expense based on an aging of accounts receivable. The aging schedule shows that $13,500 of accounts receivable will not be collected. Prior to this adjustment, the credit balance in Allowance for Bad Debts is $10,700. 2025 Apr. 1 Collected the maturity value of the Green-Mart note. Jun. 23 Sold merchandise inventory to Ambiance, Corp., receiving a 60-day, 6\% note for $13,000. Ignore Cost of Goods Sold. Aug. 22 Ambiance, Corp. dishonored its note at maturity, the business converted the maturity value of the note to an account recelvable. Nov. 16 Loaned $20,000 cash to Connely, Inc, receiving a 90 -day, 12% note. Dec. 5 Collected in full on account from Ambiance, Corp. Dec. 31 Accrued the interest on the Connely, Inc. note. Record the transactions in the joumal of Quality Recliner Chairs. Explanations are not required. (Round to the n dollar.) (Record debits first, then credits. Exclude explanations from joumal entrles. For notes stated in days, ue 365-day year.) Begin with the transactions for 2024. Jul. 1: Sold inventory to Green - Mart, receiving a $40,000, nine-month, 10% note. Ignore Cost of Goods Sold