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Entries for Notes Receivable, including Year-End Entries The following selected transactions were completed by Interlocking Devices Co, a supplier of zippers for clothing: 2017 Dec.

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Entries for Notes Receivable, including Year-End Entries The following selected transactions were completed by Interlocking Devices Co, a supplier of zippers for clothing: 2017 Dec. 10. Dec. 31. Received from Unitarian Clothing & Bags Co., on account, a $60,000, 90-day, 9% note dated December 10. Recorded an adjusting entry for accrued interest on the note of December 10. Recorded the closing entry for interest revenue Dec. 31. 2018 Mar. 10. Received payment of note and Interest from Unitarian Clothing & Bags Co. Journalize the entries to record the transactions. Assume 360 days in a year. If an amount box does not require an entry, leave it blank. Assume February has 28 days in 2018 60.000 If required, round the interest to the nearest cent. 2017, Dec. 10 Notes Receivable Accounts Receivable-Unitarian Clothing and Bags Co. 50.00 X 330 X 2017, Dec. 31-Adjusting Interest Receivable Interest Revenue 130 X Journalize the entries to record the transactions. Assume 360 days in a year. If an amount box does not require an entry, leave it blank. Assume February has 28 days in 2018 If required, round the interest to the nearest cent. 2017, Dec. 10 Notes Receivable 60,000 Accounts Receivable-Unitarian Clothing and Bags Co. 60,000 2017, Dec. 31-Adjusting Interest Receivable Interest Revenue 330 X 330 X 2017, Dec. 31-Closing 334 X Interest Revenue Income Summary BOX 2018, Mar. 10 Cash 61.150 Notes Receivable 60.000 Interest Receivable 330 x Interest Revenue 1,020 X

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