Anping Enterprises closes its books on its July 31 year-end. The company does not make entries to accrue for interest except at its year-end. On June 30, the Notes Receivable account balance is NT$23,800 (amounts in thousands). Notes Receivable includes the following.

During July, the following transactions were completed.

July 5 Made sales of NT$4,500 on Anping credit cards.
        14 Made sales of NT$600 on Visa credit cards. The credit card service charge is 3%.
        20 Received payment in full from Coote Inc. on the amount due.
        24 Received payment in full from Brady Co. on the amount due.

Instructions
a. Journalize the July transactions and the July 31 adjusting entry for accrued interest receivable. (Interest is computed using 360 days; omit cost of goods sold entries.)
b. Enter the balances at July 1 in the receivable accounts and post the entries to all of the receivable accounts. (Use T-accounts.)
c. Show the statement of financial position presentation of the receivable accounts at July 31.

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Face Value Maturity Date Date Maker Term Interest Rate Coote Inc. Brady Co. BMG Corp. 90 days 60 days 6 months April 21 NT$6,000 July 20 July 24 December 31 8% 7,800 10,000 May 25 10% June 30 6%