Sandhill 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 $25,800. Notes Receivable include the following. Date April 21 May 25 Brady Co. June 30 BMG Corp. July 5 14 Maker 20 24 Coote Inc. Face Value $4,800 9,000 During July, the following transactions were completed. 12,000 Term 90 days 60 days 6 months Maturity Date July 20 July 24 December 31 Interest Rate 8% 10% Made sales of $4,050 on Sandhill credit cards. Made sales of $700 on Visa credit cards. The credit card service charge is 3%. Received payment in full from Coote Inc. on the amount due, Received payment in full from Brady Co. on the amount due. 6%

Sandhill Company closes its books on its July 31 year-end. The company does not make entries to accrue for interest except at its yearend. On June 30 , the Notes Receivable account balance is $25,800. Notes Receivable include the following. During July, the following transactions were completed. July 5 Made sales of $4,050 on Sandhill 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 CO0 on the amount due. 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 presented in the previous part)