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

Notes Receivable $39,600 Interest Receivable 150 Notes Receivable include the following. Maker Date Face Term Interest 60 days Aug. 16 Aug. 25 Sept. 30 K. Goza Inc. $ 12,000 6% Holt Co Noblitt Corp 60 days 12,000 15,600 5% 6 months 7% Interest is computed using a 360-day year. During October, the following transactions were completed. Made sales of $7,020 on Farwell credit cards Made sales of $800 on MasterCard credit cards. The credit card service charge is 2%. Added $470 to Farwell customer balances for finance charges on unpaid balances. Received payment in full from K. Goza Inc. on the amount due. Received notice that the Holt note has been dishonored. (Assume that Holt is expected to pay in the future.) Oct. 7 12 15 15 24 Your answer is partially correct. Try again Journalize the October transactions and the October 31 adjusting entry for accrued interest receivable. (Credit account when amount is entered. Do not indent manually. Use 360 days for calculation. Round answers to 0 decimalp Account Titles and Explanation Debit Credit Date Oct. 7 Accounts Receivable 17020 Sales Revenue 17020 Oct. 12Cash 1784| TService Charge Expensel 16 Sales Revenue 1800 Oct. 15 Accounts Receivable 1470 Interest Revenue 470 (To record interest) Oct. 15Cash 12000 Notes Receivable 12000 Interest Receivable 190 Interest Revenuel 30 (To record collection and interest) Oct. 24Accounts Receivable T12100 TNotes Receivable 12000 140 TInterest Revenue Interest Receivable 60 Oct. 31nterest Receivable 91 TInterest Revenue 91 (b) Your answer is correct. Enter the balances at October 1 in the receivable accounts. Post the entries to all of the presented in the previous part.) Notes Receivable Date Explanation Ref Debit CreditBalance 39600 Oct, 1 Balance Oct. 15 T1200027600 T1200015600 Oct. 24 Accounts Receivable Explanation Ref Debit Credit Balance Date Oct. 7 7020 7020 470 Oct. 15 17490 Oct. 24 12100 19590 Interest Receivable Date Explanation Ref Debit Credit Balance Oct. 1 Balance 150 Oct. 15 90 60 Oct. 24 60 Oct. 31 191 *(c) Show the balance sheet presentation of the receivable accounts at October 31 FARWELL COMPANY Balance Sheet (Partial) October 31