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i just need the answer to december 31st intrest receivable & the intrest revenue. also the cash for jan 20nd pleaseee Entries for Notes Recelvable,
i just need the answer to december 31st intrest receivable & the intrest revenue. also the cash for jan 20nd pleaseee
Entries for Notes Recelvable, Including Year-End Entries The following selected transactions were completed by Fasteners Inc, Co., a supptier of buttons and zippers for dothing: 2093 Nov, 21. Recelved from MeKenna Outer Wear Co., on account, a $78,000,60 day, 7 ol note dated November 21 in settiement of a past due abcount. Dec. 31. Recorded an adjusting entry for accrued interest on the note of November 21 . 2an. 20. Received payment of note and interest from Mckenns Outer Wear Co. Journalire the entries to record the transactions. For a compound tronsection, if an amount box does not require an entry, leave it blank. Assume a 360 -day year whe calculating interest. Round answers to the nearest dollor amount Step by Step Solution
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