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Entries for Note Recevable, including Year-End Entries The following selected transactions were completed by Fasteners Inc Co, a supplier of button and pers for clothing

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Entries for Note Recevable, including Year-End Entries The following selected transactions were completed by Fasteners Inc Co, a supplier of button and pers for clothing 2013 Nov 21 Received from McKenna Outer Wear Co, on account, $40,000, 60-day, note dated November 21 in settlement of a past due account Recorded an adjusting entry for accrued interest on the note of November 21 Dec 31 2014 Jan 20 Received 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 360-day year when calculating interest Round answers to the nearest dollar amount 2023, Nov. 21 Dec 31 2014, Jan. 20

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