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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 and zippers for

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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 and zippers for clothing: 2013 Nov. 21 Received from McKenna Outer Wear Co, on account, a $84,000, 60-day, 6% note dated November 21 in settlement of a past due account Dec. 31. Recorded an adjusting entry for accrued interest on the note of November 21 2014 Ion, 20. Received payment of note and interest from McKenna Outer Wear Co R Joumalize the entries to record the transactions. If an amount box does not require an entry, leave it blunk. Assume 360-day year when calculating interest. Round answers to the nearest dollar amount. 2013, Nov. 21 Notes Receivable Accounts Receivable McKenna Outer Wear Co Il Dec 31 Interest Receivable Interest Rem II II III 2014 Jan 20 cash . Interest Receivable Interest Hovenie Oh My Work

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