hapter 8 question 9

Current Attempt in Progress Ivanhoe 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 $27,000. Notes Receivable include the following During July, the following transactions were completed. July 5 Made sales of $4,530 on ivanhoe 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 doe. 24. Received payment in full trom 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.) (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the probiem. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) Sales Returns and Allowances Cash Notes Receivable Interest Revenue ruly 24: Caxh Notes Recelvable Interest Revenue July 31 : Interest Receivable Intereit fievenue eTextbook and Media List of Accounts