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Bridgeport Corp.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 Maker Date Face Value Term Maturity Date Interest Rate April 21 Coote Inc. $4,000 90 days July 20 8% May 25 Brady Co. 9,000 60 days July 24 11% June 30 BMG Corp. 12,000 6 months December 31 6 % During July, the following transactions were completed July 5 Made sales of $4,380 on Bridgeport Corp. credit cards 14 Made sales of $400 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 W 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 automaticaly indes when amount is entered. Do not indent manualy. Recond journal entries in the order presented in the problem) Account Titles and Explanation Date Debit Credit July 14 I 4 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

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