Quality Chairs completed the following selected transactions: 

Record the transactions in the journal of Quality Chairs. Explanations are not required. (Round to the nearest dollar.)

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2025 Jul. 1 Oct. 31 Dec. 31 31 2026 Apr. 1 Jun. 23 Aug. 22 Nov. 16 Dec. 5 31 Sold merchandise inventory to Home-Mart, receiving a $45,000, nine-month, 12% note. Ignore Cost of Goods Sold. Recorded cash sales for the period of $21,000. Ignore Cost of Goods Sold. Made an adjusting entry to accrue interest on the Home-Mart note. Made an adjusting entry to record bad debts expense based on an aging of accounts receivable. The aging schedule shows that $15,200 of accounts receivable will not be collected. Prior to this adjustment, the credit balance in Allowance for Bad Debts is $11,600. Collected the maturity value of the Home-Mart note. Sold merchandise inventory to Austin Corp., receiving a 60-day, 9% note for $13,000. Ignore Cost of Goods Sold. Austin Corp. dishonored its note at maturity; the business converted the maturity value of the note to an account receivable. Loaned $21,000 cash to Chaos, Inc., receiving a 90-day, 8% note. Collected in full on account from Austin Corp. Accrued the interest on the Chaos, Inc. note.