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Enbles for notes receivable, including year-end entries The following selected transactions were completed by Interlocking Devices Co, a supplier of slopers for clothing 2017
Enbles for notes receivable, including year-end entries The following selected transactions were completed by Interlocking Devices Co, a supplier of slopers for clothing 2017 December 7, Received from Unitarian Clothing and Bags Co, on account, a $72,000, 60-day, 7% 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 2010 February 5. Received payment of note and interest from Unitarian Clothing & Bags Co Journalize the entries to recont the transactions. Assume 360 days in a year af 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. Date 2017, Dec. 7 holes Weivable Account Debit Credit 72.000 Accounts Receivable Unitarian Clothing and Bays Com 72000 Dec. 31 Interest Receivable 200 Interest Revenue Dec. 31 Interest Revenue 2018, Feb. 5 C 71330 Notes Receivable 72300 fnterest Receivalle Interest Revenue 1* 1* 10*3
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