Problem 8-8A (Part Level Submission) Splish Brothers Inc. 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 Recelvable account balance is $22,400. Notes Receivable include the following. Date April 21 May 25 June 30 Coote Inc. Brady Co. BMG Corp. Maker Face Value Term Maturity Date Interest Rate 8% 10% 696 $4,400 90 days July 20 7,200 60 days July 24 10,800 6 months December 31 During July, the following transactions were completed. Made sales of $4,280 on Splish Brothers Inc. credit cards. Made sales of $800 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. July 5 14 20 24