Show the balance sheet presentation of the receivable accounts at October 31Enter the balances at October 1 in the receivable accounts. Post the entries to all of the receivable accounts

Journalize the October transactions and the October 31 adjusting entry for accrued interest receivable.Farwell Company closes its books monthly. On September 30, selected ledger account balances are:

Notes Receivable		$36,000
Interest Receivable		243

Notes Receivable include the following.

Date		Maker		Face		Term		Interest
Aug. 16		K. Goza Inc.		$ 10,800		60 days		10%
Aug. 25		Holt Co.		12,000		60 days		9%
Sept. 30		Noblitt Corp.		13,200		6 months		11%

Interest is computed using a 360-day year. During October, the following transactions were completed.

Oct. 7		Made sales of $6,900 on Farwell credit cards.
12		Made sales of $900 on MasterCard credit cards. The credit card service charge is 2%.
15		Added $460 to Farwell customer balances for finance charges on unpaid balances.
15		Received payment in full from K. Goza Inc. on the amount due.
24		Received notice that the Holt note has been dishonored. (Assume that Holt is expected to pay in the future.)