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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.
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. 7. Dec. 31. Dec. 31. Received from Unitarian Clothing and Bags Co., on account, a $96,000, 60-day, 9% note dated December 7, Recorded an adjusting entry for accrued interest on the note of December 7, Recorded the closing entry for interest revenue. Feb. 5. Received payment of note and interest from Unitarian Clothing & Bags Co. 2018 4 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 25 days in 2018 If required, round the interest to the nearest cent 2017, Dec. 7 Notes Koreable Dec 31 Dec 31 56.000 Accounts Receivable Unitarian Clothing and Bags Co 12 13 03 20 20 608 Check My Work Feb. 5. 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 If required, round the interest to the nearest cent. 2017, Dec. 7 Notes Receivable Accounts Receivable Unitarian Clothing and Bags Co 96,000 Dec. 31 Interest Receivable Interest Revenue Dec. 31 Interest Revenue Retained Earnings 2016 Feb. 5 Cash Check My Work Check My/work llli in le 16 13 13 13 1983 Subria Argene for Grading
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