Save Homework: Chapter 8 Review 1 of 10 (0 complete) HW Score: 0%, 0 of 12 pts Score: 0 of 3 pts P8-31A (book/static) Question Help Sleepy Recliner Chairs completed the following selected transactions: (Click the icon to view the transactions.) Record the transactions in the journal of Sleepy 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 Jul 1: Sold inventory 6 Stan - Mart, receiving a $41,000, nine-month, 8% note. Ignore Cost of Goods Sold Credit Debit Accounts Date 2018 Jul. 1 Choose from any list or enter any number in the input fields and then click Check Answer Clear All Check Answer 9 parts remaining rk: Chapter 8 Review 1 of 10 (0 complete) HW Scor k/stati Qu * More Info airs comp to view the 2018 1 ) (Record stions in the kplanations nsactions fd tory to Stan Jul. 1 Sold merchandise inventory to Stan - Mart, receiving a $41,000, nine-month, 8% note. Ignore Cost of Goods Sold. Oct. 31 Recorded cash sales for the period of $24,000. Ignore Cost of Goods Sold. Dec. 31 Made an adjusting entry to accrue interest on the Stan - Mart note. 31 Made an adjusting entry to record bad debt expense based on an aging of accounts receivable. The aging schedule shows that $13,800 of accounts receivable will not be collected. Prior to this adjustment, the credit balance in Allowance for Bad Debts is $11,800 2019 Apr. 1 Collected the maturity value of the Stan - Mart note. Jun 23 Sold merchandise inventory to Appeal, Corp., receiving a 60-day, 6% note for $7,000. Ignore Cost of Goods Sold. 22 Appeal, Corp. dishonored its note at maturity: the business converted the maturity value of the note to an account receivable. Nov. 16 Loaned $17,000 cash to Crosby, Inc., receiving a 90-day, 16% note. Dec 5 Collected in full on account from Appeal, Corp. 31 Accrued the interest on the Crosby, Inc. note. Aug. Print Done any list or ente