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Save Homework: Chapter 8 Homework Score: 0 of 1 pt 2 of 3 (0 completo) HW Score: 0%, 0 of 3 pts P8-31A (similar to)

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Save Homework: Chapter 8 Homework Score: 0 of 1 pt 2 of 3 (0 completo) HW Score: 0%, 0 of 3 pts P8-31A (similar to) Question Help Relaxing Rechner Chairs completed the following selected transactions i Click the icon to view the transactions Record the transactions in the journal of Heleng Rechner Chairs. Explanations are not required (Round to the nearest dollar) (Record debts first, then credits. Exclude explanations from journal ontres For notes stated in days, use a 365 day year) Begin with the transactions for 2018 Jul 1 Sold inventory to Go - Mart receiving a $35.000 nine month, 14% note. Ignore Cost of Goods Sold Date Accounts Debit Credit 2018 1 Choose from any list or enter any number in the input fields and then click Check Answer 9 Check Answer 9 parts romaning Clear All 2018 Jul. 1 Oct. 31 Dec. 31 Sold merchandise inventory to Go Mart, receiving a $35,000, nine month, 14% note. Ignore Cost of Goods Sold Recorded cash sales for the period of S23 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 $14,600 of accounts receivable will not be collected. Prior to this adjustment, the credit balance in Allowance for Bad Debts is $10,200 Dec. 31 2019 Apr, 1 Collected the maturity value of the Go-Mart note Print Done * More Info credit balance in Allowance for Bad Debts is $10,200 Dec. 31 2019 Apr. 1 Jun. 23 Aug. 22 Collected the maturity value of the Go-Mart note. Sold merchandise inventory to Ambiance, Corp. receiving a 60-day, 9% note for $12,000 Ignore Cost of Goods Sold Ambiance Corp dishonored its note at maturity, the business converted the maturity value of the note to an account receivable Loaned $20,000 cash to Crowe Inc receiving a 90-day 12% note Collected in full on account from Ambiance Corp. Accrued the interest on the Crowe, Inc note Nov. 16 Dec. 5 Dec. 31

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