P8-38B (similar to) 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 slate days, use a 365-day year.) -X More Info Begin with the transactions for 2018 Jul. 1: Sold inventory to Go-Mart, receiving a $44.000, nine month, 14% note. Ignore Cos Date Accounts Debit 2018 Credit 2018 Jul 1 Jul 1 Oct 31 Dec. 31 Sold merchandise inventory to Go-Mart, receiving a 544,000, nine-month, 14% note. Ignore Cost of Goods Sold Recorded cash sales for the period of $10,000. 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 $14,200 of accounts receivable will not be collected Prior to this adjustment the credit balance in Allowance for Bad Debts is $10,700 Dec. 31 2019 Apr. 1 Jun 23 Aug. 22 Collected the maturity value of the Go-Mart note Sold merchandise inventory to Aglow, Corp., receiving a 60-day, 12% note for 30,000. Ignore Cost of Goods Sold Aglow, Corp. dishonored its note at maturity, the business converted the maturity value of the note to an account receivable Loaned $21.000 cash to Crenshaw, Inc., receiving a 90-day, 8% note Collected in full on account from Aglow. Corp. Accrued the interest on the Crenshaw, Inc. note Nov. 16 Dec. 5 Dec. 31 Choose from any list or enter any number in the input fields and then click Check Ans 9 parts Print Done remaining