Kingbird, Inc. 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 $ 26,600. Notes Receivable include the following.

Date		Maker		Face Value		Term		Maturity Date		Interest Rate
April 21		Coote Inc.		$ 5,600		90 days		July 20		8%
May 25		Brady Co.		9,000		60 days		July 24		10%
June 30		BMG Corp.		12,000		6 months		December 31		8%

During July, the following transactions were completed.

July 5		Made sales of $ 4,850 on Kingbird, Inc. credit cards.
14		Made sales of $ 800 on Visa credit cards. The credit card service charge is 3%.
20		Received payment in full from Coote Inc. on the amount due.
		24 Received payment in full from Brady Co. on the amount due. 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.)