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Whispering 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
Whispering 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 $23,400. Notes Receivable include the following. During July, the following transactions were completed. July 5 Made sales of $5,000 on Whispering credit cards. 14 Made sales of $500 on Visa credit cards. The credit card service charge is 2%. 20 Received payment in full from Coote Inc. on the amount due. 24 Received payment in full from Brady Co. 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 posted in the previous part.) Ghnum the halanre shept nresentatinn nf the reroivahle arrnunte at lulv 21 00 Whispering 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 $23,400. Notes Receivable include the following. During July, the following transactions were completed. July 5 Made sales of $5,000 on Whispering credit cards. 14 Made sales of $500 on Visa credit cards. The credit card service charge is 2%. 20 Received payment in full from Coote Inc. on the amount due. 24 Received payment in full from Brady Co. 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 posted in the previous part.) Ghnum the halanre shept nresentatinn nf the reroivahle arrnunte at lulv 21 00
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