The following selected transactions were completed by fasteners inc. Co., a supplier of buttons and...
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Accounting
The following selected transactions were completed by fasteners inc. Co., a supplier of buttons and zippers for clothing: 20rs Nov, 21. Received from Mckenna Outer Wear Co, on account, a $96,000,60-day, t\$s note dated November 21 in settlement of a past due occount. Dec. 31. Recorded an odjusting entry for accrued interest on the note of November 21. 20r4 Jan. 20. Recelved payment of note and interest from Mckenna Outer wear Co. Journalize the entries to record the transactions. If an amount box does not require an entry, leave it blank. Assume a 360 -day year when calculating interest. Round answers to nearest dollar amount
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