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pls help asap Entries for Notes Receivable, including Year-End Entries The following selected transactions were completed by Interlocking Devices Co, a supplier of rippers for
pls help asap
Entries for Notes Receivable, including Year-End Entries The following selected transactions were completed by Interlocking Devices Co, a supplier of rippers for clothing 2017 Dec. Dec. 31. Received from Unitarian Clothing and Bags Co., on account, a 596,000, 60-day, 10% note dated December 7. Recorded an adjusting entry for accrued interest on the note of December 7. Recorded the closing entry for interest revenue Dec. 31 2018 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 2 days in 2018 If required, round the interest to the nearest cent. 2017. Dec. 7 Dec 31 II II III Dec. 31 2018, Feb. 5 2017 Dec 7 Dec 31 Received from Unitarian Clothing and Bags Co, on account, a 596,000, 60-day, 10% note dated December 7 Recorded an adjusting entry for accrued interest on the note of December? Recorded the closing entry for interest revenue Dec 31 20Y8 Febs 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 Februarytas 28 days in 2018 If required, round the interest to the nearest cent 2017, Dec. 7 Dec 31 Dec, 31 2018, Feb. 5 wd II Allowance for Doubtful Accounts Bad Debt Expense Cash Interest Expense Interest Payable Notes Receivable Previous Check My Work Step by Step Solution
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