<u>Solution and Explanation:</u>
<u>Date	Particulars	Post ref.         Debit ($)    Credit ($)
</u>
5- Jan	Accounts Receivable  20000  
 Sales revenue                                                     20000
(To record the sales revenue)    
5- Jan	Notes Receivable         30000  
 Accounts receivable                                              30000
(To record the sales revenue)  	
18- Feb	Notes receivable          8000  
 Sales revenue                                                         8000
(To record the notes receivable and sales revenue)  	
20- April	Cash                        20400  
 Notes receivable                                 20000
 Interest revenue                                   400
 (To record the collection of notes)    
30 april	Cash                           25000  
 Notes receivable                                 25000
 (to record the collection of payment due)    
25 May	Notes receivable         6000  
 Accounts receivable                            6000
 ( To record the note settlement of past due balance)    
18- Aug	Cash account               8360  
 Notes receivable                                      8000
 Interest revenue                                         360
 (To record the collection of notes payment)    
25- Aug	Accounts receivable  6135  
 Notes receivable                                      6000
 Interest revenue                                         135
1-Sep	Notes receivable            12000  
 Sales revenue                                        12000
 (To record the note for amount due)