Concord 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 $22.400. Notes Receivable include the following Date Maker Face Value Term April 21 May 25 June 30 Coote Inc. Brady Co. BMG Corp $5,600 6.600 10,200 90 days Maturity Date July 201 Interest Rate 6% 60 days 6 months July 24 8% December 31 4% During July, the following transactions were completed. July 5 Made sales of $4,800 on Concord credit cards. 14 Made sales of $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. Journalize the July transactions and the July 31 adjusting entry for accrued interest receivable. (Interest is computed using 360 days for terms expressed in days; omit cost of goods sold entries) (Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. Round intermediate calculations to 2 decimal places, es 225.25) Date Account Titles and Explanation July 5 Accounts Receivable Sales Revenue July 141 Cash Notes Receivable Interest Revenue July 201 Cash Notes Receivable Interest Revenue July 24 Accounts Receivable stock Al Debit Credit 4800 600 4 60 July 20 interest Revenue Cash Notes Receivable Interest Revenue July 24 Accounts Receivable Notes Receivable Interest Revenue July 31 Interest Receivable Interest Revenue