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Carla Vista 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.

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Carla Vista 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. During July, the following transactions were completed. July 5 Made sales of $4,320 on Carla Vista credit cards. 14 Made sales of $900 on Visa credit cards. The credit card service charge is 5%. 20 Received payment in full from Coote Inc. on the amount due. 24 Received payment in full from Brady Co. on the amount due

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