Resting Chairs completed the following selected transactions:

View the transactions.

Record the transactions in the journal of Resting 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.$)$

Transactions

Jul. $1,2025$ Sold merchandise inventory to Good$-$Mart, receiving a $$36,000,$ nine$-$month, $14\%$ note. Ignore Cost of Goods Sold.

Oct. $31,2025$ Recorded cash sales for the period of $$18,000.$ Ignore Cost of Goods Sold.

Dec. $31,2025$ Made an adjusting entry to accrue interest on the Good$-$Mart note.

Dec. $31,2025$ Made an adjusting entry to record bad debt expense based on an aging of accounts receivable. The aging schedule shows that $$14,100$ of accounts receivable will not be collected. Prior to this adjustment, the credit balance in Allowance for Bad Debts is $$10,900.$

Apr. $1,2026$ Collected the maturity value of the Good$-$Mart note.

Jun. $23,2026$ Sold merchandise inventory to Artist Corp., receiving a $60-$day, $6\%$ note for $$11,000.$ Ignore Cost of Goods Sold.

Aug. $22,2026$ Artist Corp. dishonored its note at maturity; the business converted the maturity value of the note to an account receivable.

Nov. $16,2026$ Loaned $$23,000$ cash to Crenshaw, Inc., receiving a $90-$day, $12\%$ note.

Dec. $5,2026$ Collected in full on account from Artist Corp.

Dec. $31,2026$ Accrued the interest on the Crenshaw, Inc. note.