Crane 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 $ 24,000. Notes Receivable include the following.

Date		Maker		Face Value		Term		Maturity Date		Interest Rate
April 21		Coote Inc.		$ 6,000		90 days		July 20		8%
May 25		Brady Co.		7,200		60 days		July 24		10%
June 30		BMG Corp.		10,800		6 months		December 31		6%

During July, the following transactions were completed.

July 5		Made sales of $ 4,890 on Crane credit cards.
14		Made sales of $ 500 on Visa credit cards. The credit card service charge is 4%.
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; 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.)

Date	Account Titles and Explanation	Debit	Credit
choose a transaction date July 5July 14July 20July 24July 31	enter an account title	enter a debit amount	enter a credit amount
	enter an account title	enter a debit amount	enter a credit amount
choose a transaction date July 5July 14July 20July 24July 31	enter an account title	enter a debit amount	enter a credit amount
	enter an account title	enter a debit amount	enter a credit amount
	enter an account title	enter a debit amount	enter a credit amount
choose a transaction date July 5July 14July 20July 24July 31	enter an account title	enter a debit amount	enter a credit amount
	enter an account title	enter a debit amount	enter a credit amount
	enter an account title	enter a debit amount	enter a credit amount
choose a transaction date July 5July 14July 20July 24July 31	enter an account title	enter a debit amount	enter a credit amount
	enter an account title	enter a debit amount	enter a credit amount
	enter an account title	enter a debit amount	enter a credit amount
choose a transaction date July 5July 14July 20July 24July 31	enter an account title	enter a debit amount	enter a credit amount
	enter an account title	enter a debit amount	enter a credit amount

eTextbook and Media

List of Accounts

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
choose a transaction date 7/1 Bal.7/57/207/247/317/31 Bal.	enter a debit amount	choose a transaction date 7/1 Bal.7/57/207/247/317/31 Bal.	enter a credit amount
choose a transaction date 7/1 Bal.7/57/207/247/317/31 Bal.	enter a debit amount	choose a transaction date 7/1 Bal.7/57/207/247/317/31 Bal.	enter a credit amount
choose the end date of the accouting period 7/1 Bal.7/57/207/247/317/31 Bal.	enter a debit balance	choose the end date of the accouting period 7/1 Bal.7/57/207/247/317/31 Bal.	enter a credit balance
Accounts Receivable
choose a transaction date 7/1 Bal.7/57/207/247/317/31 Bal.	enter a debit amount	choose a transaction date 7/1 Bal.7/57/207/247/317/31 Bal.	enter a credit amount
choose the end date of the accouting period 7/1 Bal.7/57/207/247/317/31 Bal.	enter a debit balance	choose the end date of the accouting period 7/1 Bal.7/57/207/247/317/31 Bal.	enter a credit balance
Interest Receivable
choose a transaction date 7/1 Bal.7/57/207/247/317/31 Bal.	enter a debit amount	choose a transaction date 7/17/57/207/247/317/31 Bal.	enter a credit amount
choose the end date of the accouting period 7/1 Bal.7/57/207/247/317/31 Bal.	enter a debit balance	choose the end date of the accouting period 7/17/57/207/247/317/31 Bal.	enter a credit balance

eTextbook and Media

List of Accounts

Show the balance sheet presentation of the receivable accounts at July 31.

Crane Company Balance Sheet (Partial) choose the accounting period July 31, 201XFor the Quarter Ended July 31, 201XFor the Year Ended July 31, 201X
select an opening name for the section Current LiabilitiesTotal Liabilities and Stockholders' EquityTotal AssetsLong-term LiabilitiesTotal ReceivablesIntangible AssetsTotal Stockholders' EquityTotal Long-term InvestmentsStockholders' EquityTotal LiabilitiesTotal Long-term LiabilitiesLong-term InvestmentsProperty, Plant and EquipmentCurrent AssetsTotal Property, Plant and EquipmentTotal Current LiabilitiesTotal Intangible Assets
enter a balance sheet item			$ enter a dollar amount
enter a balance sheet item			enter a dollar amount
enter a balance sheet item			enter a dollar amount
select a closing name for the section Total Liabilities and Stockholders' EquityTotal LiabilitiesStockholders' EquityTotal Current LiabilitiesTotal ReceivablesTotal Intangible AssetsIntangible AssetsTotal Property, Plant and EquipmentCurrent AssetsCurrent LiabilitiesLong-term LiabilitiesTotal Long-term LiabilitiesProperty, Plant and EquipmentTotal AssetsTotal Stockholders' EquityTotal Long-term InvestmentsLong-term Investments			$ enter a total amount for this section