Milton Company 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 $23,800. Notes Receivable includes the following. Date Maker Face Value Term Maturity Date Interest Rate April 21 Coote Inc. $6,000 90 days July 20 8% May 25 June 30 Brady Co. 7,800 60 days July 24 10% BMG Corp. 10,000 6 months December 31 6% During July, the following transactions were completed. Don Made sales of $4,500 on Milton Company credit cards. Made sales of $600 on Visa credit cards. The credit card service charge is 3%. July 5 14 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.) 7/1 Bal. Notes Receivable 23800 7/20 6000 7/24 7800 Accounts Receivable 7/31 10000 7/31 7/31 Bal. Interest Receivable 50 50