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Blossom Company 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

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Blossom Company 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 $27,800, Notes Receivable include the following. Date Maker Face Value Term Interest Rate Maturity Date July 20 7% April 21 Coote Inc. $5,600 90 days 9% May 25 Brady Co. 7.800 60 days July 24 6% June 30 December 31 BMG Corp. 14,400 6 months During July, the following transactions were completed. July 5 14 Made sales of $4.500 on Blossom credit cards. Made sales of $600 on Visa credit cards. The credit card service charge is 3%. Received payment in full from Coote Inc. on the amount due Received payment in full from Brady Co, on the amount due. 20 24 Enter the balances at July 1 in the receivable accounts and post the entries to all of the receivable accounts. (Post entries in the order of journal entries posted in the previous part.) Notes Receivable Accounts Receivable Interest Receivable

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