Entries for notes recelvable, including year-end entries The following selected transactions were completed by Interlocking...
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Entries for notes recelvable, including year-end entries The following selected transactions were completed by Interlocking Devices Co., a supplier of zippers for clothing: 20%7 December 7. Received from Unitarian Clothing and Bags CO, on account, a $78,000,60-day, 8% note dated December 7 . December 31. Recorded an adjusting entry for accrued interest on the note of December 7. December 31, Recorded the dosing entry for interest revenue. 20rs February 5. Received payment of note and interest from Unitarian Clothing \& Bags Co. Journalize the entries to record the transactions. Assume 360 days in a year. If an amount box does not require an entry, leave it blank. Assume 360 days in a year. If required, round the interest to the nearest cent. December 7. Received from Unitarian Clothing and Bags Co, on account, a $78,000,60-day, 8% note dated December 7 . December 31. Recorded an adjusting entry for accrued interest on the note of December 7. December 31, Recorded the dosing entry for interest revenue. 2018 February 5. Received payment of note and interest from Unitarian Clothing \& Bags Co. Journalize the entries to record the transactions. Assume 360 days in a year. If an amount box does not require an entry, leav 360 days in a year. If required, round the interest to the nearest cent
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