Record the transactions in the journal of Relaxing 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 2018. More Info Jul. 1: Sold inventory to Good - Mart, receiving a $40,000, nine-month, 8% note. Ignore Cost of Goods Sold. Date Accounts Debit Credit 2018 2018 Jul. 1 40000 Note Receivable-Good-Mart Sales Revenue 40000 Oct. 31: Recorded cash sales for the period of $22,000. Ignore Cost of Goods Sold. Date Accounts Debit Credit Jul. 1 Sold merchandise inventory to Good - Mart, receiving a $40,000, nine-month, 8% note. Ignore Cost of Goods Sold. Oct. 31 Recorded cash sales for the period of $22,000. Ignore Cost of Goods Sold Dec. 31 Made an adjusting entry to accrue interest on the Good - Mart note. 31 Made an adjusting entry to record bad debt expense based on an aging of accounts receivable. The aging schedule shows that $14,300 of accounts receivable will not be collected. Prior to this adjustment, the credit balance in Allowance for Bad Debts is $11,200 2019 Apr. 1 Collected the maturity value of the Good - Mart note. Jun. 23 Sold merchandise inventory to Aglow, Corp., receiving a 60-day, 12% note for $12,000. Ignore Cost of Goods Sold. Aug 22 Aglow, Corp. dishonored its note at maturity, the business converted the maturity value of the note to an account receivable. Nov. 16 Loaned $24,000 cash to Crowe, Inc., receiving a 90-day, 10% note. Dec 5 Collected in full on account from Aglow, Corp. Accrued the interest the Crowe, Inc. note. 2018 Oct. 31 Dec. 31: Made an adjusting entry to accrue interest on the Good - Mart note. Date Accounts Debit Credit Print Done 2018 Dec. 31 Record the transactions in the journal of Relaxing 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.) Dec. 31: Made an adjusting entry to record bad debt expense based on an aging of accounts receivable. The aging schedule shows that $14,300 of accounts receivable will not be collected. Prior to this adjustment, the credit balance in Allowance for Bad Debts is $11,200. Date Accounts Debit Credit 2018 More Info Dec. 31 2018 Jul. 1 Sold merchandise inventory to Good - Mart, receiving a $40,000, nine-month, 8% note. Ignore Cost of Goods Sold. Oct. 31 Recorded cash sales for the period of $22,000. Ignore Cost of Goods Now record the transactions for 2019. Sold. Apr. 1: Collected the maturity value of the Good - Mart note. Date Accounts Debit Credit 2019 Apr. 1 Dec 31 Made an adjusting entry to accrue interest on the Good - Mart note. 31 Made an adjusting entry to record bad debt expense based on an aging of accounts receivable. The aging schedule shows that $14,300 of accounts receivable will not be collected. Prior to this adjustment, the credit balance in Allowance for Bad Debts is $11,200. 2019 Apr. 1 Collected the maturity value of the Good - Mart note. Jun. 23 Sold merchandise inventory to Aglow, Corp., receiving a 60-day, 12% note for $12,000. Ignore Cost of Goods Sold. Aug. 22 Aglow, Corp. dishonored its note at maturity, the business converted the maturity value of the note to an account receivable. Nov. 16 Loaned $24,000 cash to Crowe, Inc., receiving a 90-day, 10% note Dec 5 Collected in full on account from Aglow. Corp. 31 Accrued the interest on the Crowe, Inc. note Jun. 23: Sold merchandise to Aglow, Corp., receiving a 60-day, 12% note for $12,000. Ignore Cost of Goods Sold. Date Accounts Debit Credit 2019 Jun 23 Print Done Record the transactions in the journal of Relaxing 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.) Aug 22: Aglow, Corp. dishonored its note at maturity; the business converted the maturity value of the note to an account receivable. Date Accounts Debit Credit 2019 More Info Aug. 22 Nov. 16: Loaned $24,000 cash to Crowe, Inc., receiving a 90-day, 10% note. Date Accounts Debit Credit 2019 Nov. 16 2018 Jul. 1 Sold merchandise inventory to Good - Mart, receiving a $40,000, nine-month, 8% note. Ignore Cost of Goods Sold. Oct. 31 Recorded cash sales for the period of $22,000. Ignore Cost of Goods Sold. Dec. 31 Made an adjusting entry to accrue interest on the Good - Mart note. 31 Made an adjusting entry to record bad debt expense based on an aging of accounts receivable. The aging schedule shows that $14,300 of accounts receivable will not be collected. Prior to this adjustment, the credit balance in Allowance for Bad Debts is $11,200. 2019 Apr. 1 Collected the maturity value of the Good - Mart note. Jun. 23 Sold merchandise inventory to Aglow, Corp., receiving a 60-day, 12% note for $12,000. Ignore Cost of Goods Sold. Aug 22 Aglow, Corp. dishonored its note at maturity; the business converted the maturity value of the note to an account receivable. Nov. 16 Loaned $24,000 cash to Crowe, Inc., receiving a 90-day, 10% note. Dec 5 Collected in full on account from Aglow, Corp. 31 Accrued the interest on the Crowe, Inc. note. Dec. 5. Collected in full on account from Aglow, Corp. Date Accounts Debit Credit 2019 Dec. 5 Print Done Dec. 31: Accrued the interest on the Crowe, Inc., note. Nov. 16: Loaned $24,000 cash to Crowe, Inc., receiving a 90-day, 10% note. - X More Info Date Accounts Debit Credit 2019 Nov. 16 Dec. 5: Collected in full on account from Aglow, Corp. Date Accounts Debit Credit 2018 Jul. 1 Sold merchandise inventory to Good - Mart, receiving a $40,000, nine-month, 8% note. Ignore Cost of Goods Sold. Oct 31 Recorded cash sales for the period of $22,000. Ignore Cost of Goods Sold. Dec 31 Made an adjusting entry to accrue interest on the Good - Mart note. 31 Made an adjusting entry to record bad debt expense based on an aging of accounts receivable. The aging schedule shows that $14.300 of accounts receivable will not be collected. Prior to this adjustment, the credit balance in Allowance for Bad Debts is $11.200 2019 Apr. 1 Collected the maturity value of the Good - Mart note. Jun. 23 Sold merchandise inventory to Aglow, Corp., receiving a 60-day, 12% note for $12,000. Ignore Cost of Goods Sold. Aug 22 Aglow, Corp. dishonored its note at maturity; the business converted the maturity value of the note to an account receivable. Nov. 16 Loaned $24,000 cash to Crowe, Inc., receiving a 90-day, 10% note. Dec. 5 Collected in full on account from Aglow, Corp. 31 Accrued the interest on the Crowe, Inc. note. 2019 Dec. 5 Dec. 31: Accrued the interest on the Crowe, Inc., note Date Accounts Debit Credit 2019 Print Done Dec. 31 Choose from any list or enter any number in the input fields and then continue to the next