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The following selected transactions were completed by Fasteners Inc Co., a supplier of buttons and zippers for clothing 2013 Nov 21 Received from Mckenna Outer

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The following selected transactions were completed by Fasteners Inc Co., a supplier of buttons and zippers for clothing 2013 Nov 21 Received from Mckenna Outer Wear Co. on account. a 554.000, 60-day 8% note dated November 21 in settlement of a past due account. Recorded an adjusting entry for accrued interest on the note of November 21 31 Dec 2014 Jan. 20 Received payment of note and interest from McKenna Outer Wear Co. Joumalize the entries to record the transactions. If no entry is required, simply skip to the next transaction. Refer to the Chart of Accounts for exact wording of account titles. Assume a 360-day year when calculating interest. Round answers to the nearest dollar amount

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