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Thank you for the help! Sandhill Co.closes its books on its July 31 year-end. The company does not make entries to accrue for interest except

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Sandhill Co.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 $25,000. Notes Receivable include the following. Date Maker Term April 21 May 25 June 30 Coote Inc. Brady Co. BMG Corp. Face Value $5,200 7,800 12,000 90 days 60 days Maturity Date July 20 July 24 December 31 Interest Rate 8% 9% 6 months 6% During July, the following transactions were completed. July 5 14 Made sales of $4,430 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. 20 24 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 Credit 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 Accounts Receivable Interest Receivable e Textbook and Media List of Accounts Show the balance sheet presentation of the receivable accounts at July 31. Sandhill Co. Balance Sheet (Partial) $ $

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