New Style Recliner Chairs completed the following selected transactions: (Click the icon to view the transactions.) Record the transactions in the journal of New Style Recliner Chairs. Explanations are not required. (Round to the nearest dollar.) (Record debits first, then credits. Exclude explanations from journal entries. For notes stated in days, use a 365-day year.) Begin with the transactions for 2024. Jul. 1: Sold inventory to Go-Mart, receiving a $38,000, nine-month, 10% note. Ignore Cost of Goods Sold. Date Accounts Debit Credit 2024 Jul. 1 2024 Jul. 1 Oct. 31 Dec. 31 Dec. 31 Sold merchandise inventory to Go-Mart, receiving a $38,000, nine-month, 10% note. Ignore Cost of Goods Sold. Recorded cash sales for the period of $23,000. Ignore Cost of Goods Sold. Made an adjusting entry to accrue interest on the Go-Mart note. Made an adjusting entry to record bad debt expense based on an aging of accounts receivable. The aging schedule shows that $13,100 of accounts receivable will not be collected. Prior to this adjustment, the credit balance in Allowance for Bad Debts is $10,500. 2025 Apr. 1 Jun. 23 Aug. 22 Collected the maturity value of the Go-Mart note. Sold merchandise inventory to Creative, Corp., receiving a 60-day, 9% note for $11,000. Ignore Cost of Goods Sold. Creative, Corp. dishonored its note at maturity; the business converted the maturity value of the note to an account receivable. Loaned $18,000 cash to Connely, Inc., receiving a 90-day, 8% note. Collected in full on account from Creative, Corp. Accrued the interest on the Connely, Inc. note. Nov. 16 Dec. 5 Dec. 31