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 $25,000. Notes Receivable includes the following. 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.)

Journalize the July transactions and the July 31 adjusting entry for accrued interest receivable. (Interest is computed using 360 days; omit cost of goods sold entries.) (Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.)

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.)

Date Maker Face Value Term Maturity Date Interest Rate $5,200 90 days July 20 April 21 Coote Inc. 8% 7,800 60 days July 24 May 25 Brady Co. 9% June 30 BMG Corp.12,000 6 months December 31 6% During July, the following transactions were completed. July 5 Made sales of $4,430 on Pharoah Company credit cards. 14 Made sales of $700 on Visa credit cards. The credit card service charge is 3%. 20 Received payment in full from Coote Inc. on the amount due. 24 Received payment in full from Brady Co. on the amount due. ournalize the July transactions and the July 31 adjusting entry for accrued interest receivable. (Interest is computed using 360 days; omit cost of goods sold entries.) (Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit July 5 Accounts Receivable 4430 Sales Revenue 4430 July 14: Cash 679 21 Service Charge Expense Sales Revenue 700 July 20: Cash 5304 Notes Receivable 5200 Interest Revenue 104 July 24 # Cash 791 7800 Notes Receivable Interest Revenue July 31Interest Receivable 60 60 Interest Revenue SHOW LIST OF ACCOUNTS LINK TO TEXT LINK TO TEXT LINK TO TEXT LINK TO TEXT 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.) Notes Receivable 7/1 Bal. Accounts Receivable Interest Receivable SHOW LIST OF ACCOUNTS LINK TO TEXT| LINK TO TEXT LINK TO TEXT LINK TO TEXT Show the balance sheet presentation of the receivable accounts at July 31. Pharoah Company Balance Sheet (Partial) July 31, 201X Current Assets Notes Receivable Accounts Receivable Interest Receivable Total Assets