Farwell Company closes its books monthly. On September 30, selected ledger account balances are:

Notes Receivable include the following.

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

A. Journalize the October transactions and the October 31 adjusting entry for accrued interest receivable.

B. Enter the balances at October 1 in the receivable accounts. Post the entries to all of the receivable accounts. (Check Figure: Accounts Receivable $16,465)

C. Show the balance sheet presentation of the receivable accounts at October 31. (Check Figure: Total Receivables $32,585)

Date Oct. 7 15 15 20 21 31 23 24 26 27 28 29 30 31 32 34 General Journal Account Tues Debit Lcredit 12 30 Oct. 7 Made sales of $6.900 on Farwell credit cards. 12 Made sales of S900 on MasterCard credit cards. The credit card service charge is 3%. 15 Added S460 to Farwell customer balance for finance charges on umpaid balances. 15 Received payment in full from K. Goza Inc. on the amount due. 2 Received notice that the Skinner note has been dishonored ume that Holt is expected to pay in the future