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last one can i please get some help!! Entries for Notes Receivable, including Year-End Entries The following selected transactions were completed by Fasteners Inc. Co,
last one can i please get some help!!
Entries for Notes Receivable, including Year-End Entries The following selected transactions were completed by Fasteners Inc. Co, a supplier of buttons and opers for clothing 2013 Nov, 21. Received from McKenna Outerwear Co, on account, a $54,000, 60-day, 8% note dated November 21 in settlement of a post out 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 Outerwear Co. Journalize 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 Step by Step Solution
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