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Entries for Notes Receivable, Including Year - End Entries The following selected transactions were completed by Fasteners Inc. Co . , a supplier of buttons
Entries for Notes Receivable, Including YearEnd Entries
The following selected transactions were completed by Fasteners Inc. Co a supplier of buttons and zippers for clothing:
Nov. Received from McKenna Outer Wear Co on account, a $day, note dated November in settlement of a past due
account.
Dec. Recorded an adjusting entry for accrued interest on the note of November
Jan. 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 a day year when calculating interest.
Y Nov.
Dec.
Jan.
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