Entries for Notes Receivable, Including Year-End Entries

The following selected transactions were completed by Interlocking Devices Co., a supplier of zippers for clothing:

20Y7
Dec. 7.	Received from Unitarian Clothing and Bags Co., on account, a $42,000, 60-day, 7% note dated December 7.
Dec. 31.	Recorded an adjusting entry for accrued interest on the note of December 7.
Dec. 31.	Recorded the closing entry for interest revenue.
20Y8
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.

20Y7, Dec. 7	Accounts Receivable-Unitarian Clothing and Bags Co.Allowance for Doubtful AccountsBad Debt ExpenseCashInterest ReceivableNotes ReceivableNotes Receivable	Notes Receivable	Notes Receivable
	Accounts Receivable-Unitarian Clothing and Bags Co.Allowance for Doubtful AccountsBad Debt ExpenseCashInterest ReceivableNotes ReceivableAccounts Receivable-Unitarian Clothing and Bags Co.	Accounts Receivable-Unitarian Clothing and Bags Co.	Accounts Receivable-Unitarian Clothing and Bags Co.
Dec. 31	CashCommon StockInterest ExpenseInterest PayableInterest ReceivableUnearned InterestInterest Receivable	Interest Receivable	Interest Receivable
	CashInterest ExpenseInterest ReceivableInterest RevenueNotes ReceivableUnearned InterestInterest Revenue	Interest Revenue	Interest Revenue
Dec. 31	CashCommon StockInterest ExpenseInterest RevenueNotes ReceivableUnearned InterestInterest Revenue	Interest Revenue	Interest Revenue
	CashCommon StockDividendsInterest ExpenseNotes ReceivableRetained EarningsRetained Earnings	Retained Earnings	Retained Earnings
20Y8, Feb. 5	Allowance for Doubtful AccountsBad Debt ExpenseCashInterest PayableInterest ReceivableUnearned InterestCash	Cash	Cash
	Allowance for Doubtful AccountsBad Debt ExpenseCashInterest ExpenseInterest PayableNotes ReceivableNotes Receivable	Notes Receivable	Notes Receivable
	Allowance for Doubtful AccountsBad Debt ExpenseCashInterest ExpenseInterest PayableInterest ReceivableInterest Receivable	Interest Receivable	Interest Receivable
	Allowance for Doubtful AccountsBad Debt ExpenseCashInterest ExpenseInterest PayableInterest RevenueInterest Revenue	Interest Revenue	Interest Revenue