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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 2013 Nov. 21. Received from McKenna Outer Wear Co., on account, a $60,000, 60-day, 7 note dated November 21 in settlement of a past due account Dec. 31. Recorded an adjusting entry for acerued interest on the note of November 21 2014 Jan. 20. Received payment of note and interest from McKenna Outerwear Co Journalize the entries to record the transactions. It 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. Joumalize the entries to record the transactions. If an amount box does not require an entry, love it blank. Assume a 360-day year when calculating Interest, Round answers to the nearest dollar amount. 2043, Nov. 21 Dec 31 2014 Jan. 20

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