Entries for notes receivable, including yearend entries
The following selected transactions were completed by Interlocking Devices Co a supplier of zippers for clothing:
December Received from Unitarian Clothing and Bags Co on account, a $day, note dated December
December Recorded an adjusting entry for accrued interest on the note of December
December Recorded the closing entry for interest revenue.
February Received payment of note and interest from Unitarian Clothing & Bags Co
Journalize the entries to record the transactions. Assume days in a year. If an amount box does not require an entry, leave it
blank. Assume days in a year. If required, round the interest to the nearest cent.
Y Dec.
Accounts ReceivableUnitarian Clothing and Bags Co
Dec.
Dec.
Retained Earnings
Y Feb.
