R Flooring has a December 31 year end and uses a perpetual inventory system. The following transictions occurred during 2024 and 2025: 2024 Aug 30 Sold goods with a cost of 58,250 to Jules for 514,000 on account, terms 215,n30. Oet 1 Jules ran into some financial troubles and reached an agreement with R to convert the account receivable into 3 months, 6% note receivable. Interest is due at maturity. Dee 1 Lent 55,000 cash to an employee, Flora, receiving a two-month, 5% note. Interest is due at maturity. Dec 31 Prepared the adjusting entries to record acerued interest. Adjustments are recorded annually. 2025 Jan 3 Jules dishonoured on its notes and future collection is not expected. Feb 1 Reeeived payment in full from Flora. Instructions Prepare all required journal entries for the above transactions. Round all answers to the nearest whole dollar