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Pharoah 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
Pharoah 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 $23,600. Notes Receivable include the following. 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. 24 Received payment in full from Brady Co. on the amount due. Show the balance sheet presentation of the receivable accounts at July 31, 2022
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