Current Attempt in Progress Ayayai 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 $23,800. Notes Receivable include the following. Date Maker Face Value Term Maturity Date Interest Rate April 21 May 25 Coote Inc. $4,800 90 days July 20 8% Brady Co. 7,800 June 30 BMG Corp. 11,200 60 days 6 months July 24 10% December 31 6% During July, the following transactions were completed. July 5 Made sales of $5,100 on Ayayai credit cards. 14 Made sales of $500 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 for terms expressed in 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. Round intermediate calculations to 2 decimal places, eg. 225.25) Date Account Titles and Explanation Debit Cred eTextbook and Medla List of Accounts Save for Later Attempts: 0 of 5 used Submit Answer (b) 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 (c) Save for Later Show the balance sheet presentation of the receivable accounts at July 31, 2022. Ayayai Balance Sheet (Partial) eTextbook and Media List of Accounts Save for Later Attempts: 0 of 5 used Submit Answer Attempts: 0 of 5 used Submit