Lorenz Company closes its books on July 31. On June 30 the Notes Receivable account balance is $25,980. Notes Receivable include the following. Date Maker Face Value Term Maturity Date Interest Rate May 21 Agler Inc. $6,225 60 days July 20 8% May 25 Girard Co. 7,860 60 days July 24 10% June 30 LSU Corp. 11,200 6 months December 31 9% During July the following transactions were completed. July 5 Made sales of $6,100 on Lorenz credit cards. July 14 Made sales of $800 on Visa credit cards. The credit card service charge is 3%. July 20 Received payment in full from Agler Inc. on the amount due. July 25 Received payment in full from Girard Co. on the amount due. (a) Journalize the July transactions and the July 31 adjusting entry for accrued interest receivable. Interest is computed using 360 days. What is the amount of interest receivable for the 31st