part b

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
Dec. 7.	Received from Unitarian Clothing and Bags Co., on account, a $60,000, 60-day, 6% note dated December 7.
Dec. 31.	Recorded an adjusting entry for accrued interest on the note of December 7.
Dec. 31.	Recorded the closing entry for interest revenue.
20Y8
Feb. 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 February has 28 days in 2018

If required, round the interest to the nearest cent.

20Y7, Dec. 7	Notes Receivable	fill in the blank 2	fill in the blank 3
	Accounts Receivable-Unitarian Clothing and Bags Co.	fill in the blank 5	fill in the blank 6
Dec. 31	Interest Receivable	fill in the blank 8	fill in the blank 9
	Interest Revenue	fill in the blank 11	fill in the blank 12
Dec. 31	Interest Revenue	fill in the blank 14	fill in the blank 15
	Retained Earnings	fill in the blank 17	fill in the blank 18
20Y8, Feb. 5	Cash	fill in the blank 20	fill in the blank 21
	Notes Receivable	fill in the blank 23	fill in the blank 24
	Interest Receivable	fill in the blank 26	fill in the blank 27
	Interest Revenue	fill in the blank 29	fill in the blank 30