P8-38B (similar to) Comfy Recliner Chairs completed the following selected transactions: Click the icon to view the transactions.) Record the transactions in the journal of Comfy Recliner Chairs. Explanations are not required. (Round to the nearest dollar) (F year.) Begin with the transactions for 2018. Jul. 1: Sold inventory to Go - Mart, receiving a $43,000, nine-month, 16% note. Ignore Cost of Goods Sold. Date Accounts Debit Credit 2018 Jul, 1 Record the transactions in the journal of Comfy Recliner Chairs. Explanations are year.) Begin with the transactions for 2018. Jul. 1: Sold inventory to Go - Mart, receiving a $43,000, nine-month, 16% note. Ig Date Accounts Debit 2018 Jul. 1 Accounts Receivable Allure, Corp. Accounts ReceivableCrane, Inc. Accounts Receivable-Go-Mart Allowance for Bad Debts Bad Debts Expense Cash Interest Receivable Interest Revenue Note Receivable-Allure, Corp. Note Receivable--Crane, Inc. Note Receivable---Go-Mart Sales Revenue Choose from any list or enter any number in the input fields and then click 9 parts remaining More Info 1 ed. (R 2018 Jul. 1 of Goo Oct. 31 Dec. 31 Sold merchandise inventory to Go-Mart, receiving a $43,000, nine-month, 16% note. Ignore Cost of Goods Sold Recorded cash sales for the period of $15,000. 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 $11,400. Dec. 31 2019 Apr. 1 Jun. 23 Aug. 22 Collected the maturity value of the Go-Mart note. Sold merchandise inventory to Allure, Corp., receiving a 60-day, 6% note for $12,000. Ignore Cost of Goods Sold. Allure, Corp. dishonored its note at maturity: the business converted the maturity value of the note to an account receivable. Loaned $21,000 cash to Crane, Inc., receiving a 90-day, 12% note. Collected in full on account from Allure, Corp. Accrued the interest on the Crane, Inc. note. Nov. 16 Dec. 5 Dec. 31 Print Done