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Sage Hill Inc. closes its books on its July 31 year-end. The company does not make entries to accrue for interest except at its year-end.

Sage Hill Inc. 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 $ 24,000. Notes Receivable include the following.
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Show the balance sheet presentation of the receivable accounts at July 31.
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Sage Hill Inc. 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 $ 24,000. Notes Receivable include the following. Date Maker Face Value Term Maturity Date Interest Rate LE April 21 Coote Inc. $6,000 90 days July 20 8% May 25 Brady Co. 7,200 60 days July 24 10% BE ye id Irth BMG Corp. June 30 runo 10,800 6 months December 31 6% eo During July, the following transactions were completed. w July 5 Made sales of $ 4,890 on Sage Hill Inc. credit cards. Made sales of $ 500 on Visa credit cards. The credit card service charge is 4%. 14 20 Received payment in full from Coote Inc. on the amount due. 24 Received payment in full from Brady Co. on the am due. Show the balance sheet presentation of the receivable accounts at July 31. Sage Hill Inc. Balance Sheet (Partial) $ $ e Textbook and Media

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