Durhan Company closes its books on October 31. On September 30, the Notes Receivable account balance is $22,800. Notes Receivable include the following.

Date	Maker	Face Value	Term	Maturity Date	Interest Rate
Aug. 16	Stuhmer Inc.	$10,000	60 days	Oct. 15	6%
Aug. 25	Moberg Co.	3,000	2 months	Oct. 25	7%
Sept. 30	Earnest Corp.	9,800	6 months	Mar. 30	6%

Interest is computed using a 360-day year. During October, the following transactions were completed.

Oct. 7	Made sales of $4,600 on Durhan credit cards.
12	Made sales of $600 on Visa credit cards. The credit card service charge is 3%.
15	Received payment in full from Stuhmer Inc. on the amount due.
25	Received payment in full from Moberg Co. on amount due.

Instructions

(a) Journalize the October transactions and the October 31 adjusting entry for accrued interest receivable. (Interest is computed using 360 days; omit cost of goods sold entries.)

(b) Enter the balances at October 1 in the receivable accounts and post the entries to all of the receivable accounts. (Use T accounts.)

(c) Show the balance sheet presentation of the receivable accounts at October 31, 2018.