December $7.$ Received from Unitarian Clothing & Bags Co$.,$ on account, a $$90,000,60-$day, $9\%$ note dated December $7.$

December $31.$ Recorded an adjusting entry for accrued interest on the note of December $7.$

December $31.$ Recorded the closing entry for interest revenue.

$20Y8$

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. If required, round the interest to the nearest cent.

$20$Y$7,$ Dec. $7$ Notes Receivable

Accounts Receivable$-$Unitarian Clothing and Bags Co$.$

Dec. $31$

Dec. $31$

Dec. $31$

$20$Y$8,$ Feb. $5$

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Interest Receivable