Sheffield Corp.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 $22,000. Notes Receivable include the following Maker Date April 21 May 25 June 30 Face Value $4,000 7.200 10.800 Interest Rate 8% Coote Inc. Brady Co. BMG Corp. Term 90 days 60 days 6 months Maturity Date July 20 July 24 December 31 9% 6% During July, the following transactions were completed. July 5 Made sales of $4.140 on Sheffield Corp.credit cards. 14 Made sales of $400 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. 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.) Date Account Titles and Explanation Debit July 5 Credit Accounts Receivable 4140 Sales Revenue July 14 Cash 388 Service Charpe Expense 12 Sales Revenue July 20 Canti 1000 Interest Revenue Notes Receivable July 24 + Cash 9165 Interest Rovenue 12 Not Receivable 720 July 31 Interest Receivable SI 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 25000 7/20 e 00 7/24 7/31 Bal 12000 Accounts Receivable 7/5 4140 7/31 Bal 4380 Interest Receivable 7/31 54 7/31 60 7/31 Bal. 54 7/31 60 Show the balance sheet presentation of the receivable accounts at July 31. Sheffield Corp. Balance Sheet (Partial) July 31, 2018 Current Assets Accounts Roonvatile 4380 interest Receivable 5 Notes Receivable 10000 Long-term investments 16440