P-F:8-32A Accounting for uncollectible accounts (aging-ofreceivables method), notes receivable, and accrued interest revenue (Learning Objectives 1, 3, 4) Sleepy Recliner Chairs completed the following selected transactions: 2024 Jul. Sold merchandise inventory to Stan-Mart, receiving a $41,000, nine-month. 8\% note. ignore Cost of Goods Sold. Oct. 31 Recorded cash wales for the period of \$24,000. ignore Cout of Goods Sold. Dec: 31 Made an sdjusting entry to accrue interest on the stan-Mart note. 31 Made an adfusting entry to record bad debts expense baved on an aging receivable wall not be collected. Prior to this adjustment, the credit balance in 2025 Allowance for Bad Debts is $11,800. Apr. 1 Collected the maturity value of the Stan-Mart note. Sold merchandise inventory to Appeal Corp, receiving a 60-day, 5$ note for 57,000 . Ignore Cost of Goods Sold. $7,000 ignore cost of Goods sold Aug. 22 Appeal Corp. diahonored its note at maturity; the business converted the Now, 16 Loaned $17,000 cash to Crosby, Inc, receiving a 90day,16% note. Dec. 5 Collected in full on account from Appeal Corp. 31 Accrued the interest on the Crosby, Inc. note. Record the transactions in the journal of Sleepy Recliner Chairs. Explanations are not required. (Round to the nearest dollar.) Dec. 31, 2024 Interest Receivable \$1,640 Dec. 31, 2024 Interest Receivable $1,640