P9-6A Farwell Company closes its books monthly. On September 30, selected ledo account balances are: s. Notes Receivable Interest Receivable $37,000 183 Notes Receivable include the following. Face $12,000 9,000 16,000 Term 60 days 60 days 6 months Interest 8% 7% Date Aug. 16 Aug. 25 Sept. 30 Maker K. Goza Inc. Holt Co. Noblitt Corp. Interest is computed using a 360-day year: During October, the following transactions were completed. Oct. 7 Made sales of $6,900 on Farwell credit cards. Made sales of $900 on MasterCard credit cards. The credit card service charge is 3% 12 15 Added $460 to Farwell customer balances for finance charges on unpaid balances 15 Received payment in full from K. Goza Inc. on the amount due. 24 Received notice that the Holt note has been dishonored. (Assume that Holt is expected to pay in the future.) Instructions (a) Journalize the October transactions and the October 31 adjusting entry for accrued interest receivable. (b) Enter the balances at October 1 in the receivable accounts. Post the entries to all of tn (c) Show the balance sheet presentation of the receivable accounts at October 31 receivable accounts. There was no opening balance in accounts receivable 85