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Entries for Notes Recevable, 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 Recevable, 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 $42,000, 60-day, 8% note dated November 21 in settlement of a past due account Dec. 31. Recorded an adjusting entry for accrued interest on the note of November 21. 2014 Jan 20. Received payment of note and interest from McKenna Outer Wear Co. Joumalize the entries to record the transactions. 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 2023, Nov. 21 Dec. 31 2014, Jan. 20

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