Problem 9-6A (Part Level Submission) Farwell Company closes its books monthly. On September 30, selected ledger account balances are: Notes Receivable $40,200 Interest Receivable 195 Notes Receivable include the following. Date Maker Face Term Interest K. Goza Inc. 8% Aug. 16 Aug. 25 Sept. 30 $ 13,200 9,000 18,000 60 days 60 days Holt Co. 7% Noblitt Corp. 6 months 9% Interest is computed using a 360-day year. During October, the following transactions were completed. Oct. 7 12 15 Made sales of $6,700 on Farwell credit cards. Made sales of $700 on MasterCard credit cards. The credit card service charge is 2%. Added $460 to Farwell customer balances for finance charges on unpaid balances. Received payment in full from K. Goza Inc. on the amount due. Received notice that the Holt note has been dishonored. (Assume that Holt is expected to pay in the future.) 15 24 (a) Journalize the October transactions and the October 31 adjusting entry for accrued interest receivable. (Record entries in the order displayed in the problem statement. Credit account titles are automatically indented when amount is entered. Do not indent manually. Use 360 days for calculation.) Date Account Titles and Explanation Debit Credit Oct. 7 Accounts Receivable 6700 Sales Revenue 6700 Oct. 12 Cash 686 Service Charge Expense 14 Sales Revenue 700 Oct. 15 # Accounts Receivable 460 Interest Revenue 460 Oct 15 # Cash Notes Receivable 13200 Interest Revenue Interest Receivable Oct. 24 Accounts Receivable Notes Receivable Interest Receivable Interest Revenue Oct 31 Interest Receivable Interest Revenue 1 1