Sheffield 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 $22,000. Notes Receivable include the following. Date Maker Face Value Term Maturity Date Interest Rate
April 21 Booth Inc. $6,000 90 days July 20 8%
May 25 Manning Co. 7,800 60 days July 24 10%
June 30 ANF Corp. 10,000 6 months December 31 6%

During July, the following transactions were completed.

July 5 Made sales of $4,140 on Sheffield 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.

Required:
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.)