Pharoah Company closes its books on its July 31 year-end. The company does not make entries to year-end. On June 30, the Notes Receivable account balance is $23,600. Notes Receivable includ Date Maker Face Value Term Maturity Date Interest Rate April 21 Coote Inc. $5,600 90 days July 20 7% May 25 Brady Co. 7,200 60 days July 24 9% June 30 BMG Corp. 10,800 6 months December 31 5% During July, the following transactions were completed. July 5 Made sales of $5,400 on Pharoah credit cards. 14 Made sales of $900 on Visa credit cards. The credit card service charge is 4%. 20 Received payment in full from Coote Inc. on the amount due. 22 24 Received payment in full from Brady Co. on the amount due. Date Account Titles and Explanation Debit 5 Accounts Receivable Sales Revenue ly 14 Cash 20 24 > > Service Charge Expense Sales Revenue Cash Interest Revenue Notes Receivable Cash Interest Revenue Notes Receivable 31 Interest Receivable Interest Revenue 5400 864 36 5726 7320 Credit 5400 900 126 5600 120 7200 54 54 7/1 Bal. 7/31 Bal. 7/5 7/31 Bal. 7/31 7/31 Bal. Notes Receivable 23600 7/20 10800 5600 7/24 7200 Accounts Receivable 5400 5400 Interest Receivable 7/31 36 7/31 Bal. 36 Total Receivables Pharoah Balance Sheet (Partial) July 31, 2022 +A $ $ +A eTextbook and Media List of Accounts Save for Later Last saved 1 second ago. Assistance Used Assistance Used Attempts: 0 of 5 used Submit