Entries for notes receivable, including year-end entries Instructions Chart of Accounts Journal Journal JOURNAL ACCOUNTING EQUATION DATE DESCRIPTION POST. REF DEBIT CREDIT ASSETS UABILITIES EQUITY Nov. 21 Notes Receivable 78.,000.00 Accounts Receivable-McKenna Outer Wear Co 78,000.00 Dec. 31 Interest Receivable Interest Revenue Journalize the entries to record the transactions for the year 20Y4. If no entry is required, simply skip to the next transaction Refer to the Chart of Accounts for exact wording of account titles. Assume a 360-day year when calculating interest. Round answers to the nearest dollar amount PAGE 1 JOURNAL ACCOUNTING EQUATION DESCRIPTION DATE POST, REF DEBIT CREDIT IABLITIES ASSETS EQUITY 1 Jan, 20 Cash 2 Notes Receivable 78,000.00 Interest Revenue Interest Receivable selected transactions were completed by Fasteners Inc. Co., a supplier of buttons and zippers for clothing: The following 20Y3 Nov. 21 Received from McKenna Outer Wear Co., on account, a $78,000, 60-day, 8% 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. 204 Jan. 20 Received payment of note and interest from McKenna Outer Wear Co. Journalize the entries to record the transactions. If no entry is required, simply skip to the next transaction, Refer to the Chart of Accounts for exact wording of account titles Assume a 350-day year when calculating interest. Round answers to the nearest dolar amount