Journalize the July transactions and the July 31 adjusting entry for accrued interest receivable. Blue Spruce Corp. 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 $27,600. Notes Receivable include the following. Date April 21 Coote Inc. Brady Co. May 25 June 30 BMG Corp. Maker Term Face Value $6,000 8.400 60 days 90 days 13,200 6 months Maturity Date July 20 July 24 December 31 During July, the following transactions were completed. Interest Rate 20 Received payment in full from Coote Inc, on the amount due. 24 Received payment in full from Brady Co. on the amount due. 8% 11% 5% July 5 Made sales of $4,060 on Blue Spruce Corp. credit cards. 14 Made sales of $900 on Visa credit cards. The credit card service charge is 3%.