The following selected transactions were completed by Easy-Zip Co., a supplier of zippers for clothing: 2013 Dec.
Question:
The following selected transactions were completed by Easy-Zip Co., a supplier of zippers for clothing:
2013
Dec. 16. Received from Lake Shore Clothing & Bags Co., on account, a $21,000, 90-day, 8% note dated December 16.
31. Recorded an adjusting entry for accrued interest on the note of December 16.
31. Recorded the closing entry for interest revenue.
2014
Mar. 16. Received payment of note and interest from Lake Shore Clothing & Bags Co.
Journalize the entries to record the transactions.
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2013 Dec 16 Notes Receivable 21000 Accounts ReceivableLake Shore ...View the full answer
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Related Book For
Corporate Financial Accounting
ISBN: 978-1133952411
12th edition
Authors: Carl S. Warren, James M. Reeve, Jonathan E. Duchac
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