*Problem 9-06A a-c Blossom 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 $24,400. Notes Receivable include the following Date April 21 May 25 June 30 Maker Coote Inc. Brady Co. BMG Corp. Face ValueTerm Maturity Date $4,800 90 days July 20 6,600 60 days July 24 13,000 6 months December 31 Interest Rate 8% 10% 6% During July, the following transactions were completed. July 5 14 20 24 Made sales of $4,600 on Blossom credit cards. Made sales of $600 on Visa credit cards. The credit card service charge is 2%. Received payment in full from Coote Inc. on the amount due. Received payment in full from Brady Co. on the amount due. 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. Round intermediate calculations to 2 decimal places, e.g. 225.25.) Date Account Titles and Explanation Debit Credit 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.) Re Accounts Receivable Interest Receivable Show the balance sheet presentation of the receivable accounts at July 31. Blossom Balance Sheet (Partial)