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 December 7. Received from Unitarian Clothing and Bags Co., on account, a $96,000, 60-day, 8% note dated December 7. December 31. Recorded an adjusting entry for accrued interest on the note of December 7. December 31. Recorded the closing entry for interest revenue.

20Y8 February 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 360 days in a year. If required, round the interest to the nearest cent.

Date	Account	Debit	Credit
20Y7, Dec. 7	Accounts Receivable-Unitarian Clothing and Bags Co.Allowance for Doubtful AccountsBad Debt ExpenseInterest ReceivableNotes Receivable	- Select -	- Select -
	Accounts Receivable-Unitarian Clothing and Bags Co.Allowance for Doubtful AccountsBad Debt ExpenseInterest ReceivableNotes Receivable	- Select -	- Select -
Dec. 31	CashInterest ExpenseInterest PayableInterest ReceivableUnearned Interest	- Select -	- Select -
	CashInterest ExpenseInterest ReceivableInterest RevenueNotes Receivable	- Select -	- Select -
Dec. 31	CashCommon StockInterest ExpenseInterest RevenueNotes Receivable	- Select -	- Select -
	CashCommon StockDividendsNotes ReceivableRetained Earnings	- Select -	- Select -
20Y8, Feb. 5	Allowance for Doubtful AccountsCashInterest PayableInterest ReceivableUnearned Interest	- Select -	- Select -
	Allowance for Doubtful AccountsCashInterest ExpenseInterest PayableNotes Receivable	- Select -	- Select -
	Allowance for Doubtful AccountsCashInterest ExpenseInterest PayableInterest Receivable	- Select -	- Select -
	Allowance for Doubtful AccountsCashInterest ExpenseInterest PayableInterest Revenue	- Select -	- Select -