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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

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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 20Y3 Nov. 21. Received from McKenna Outer wear Co., on account, a $90,000, 60-day, 10% note dated November 21 in settlerment of a past due account Recorded an adjusting entry for accrued interest on the note of November 21 Dec. 31. 20Y4 Jan, 20. Received payment of note and interest from McKenna Outer Wear Co. Journalize the entries to record the transactions. For a compound transaction, if an amount box does not require an entry, leave it blank. Assume a 360-day year when calculating interest. Round answers to the nearest dollar amount. 20Y3, Nov.21 Notes Receivable 90,000 Accounts Receivable-McKenna Outer Wear Co 90,000 Interest Receivable Dec. 31 Interest Revenue th_ Notes Receivable Interest Receivable Interest Revenue 2014, Jan. 20

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