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The following selected transactions were completed by Fasteners Inc. Co., a supplier of buttons and zippers for clothing: 20Y3Nov.21Received from McKenna Outer Wear Co., on

The following selected transactions were completed by Fasteners Inc. Co., a supplier of buttons and zippers for clothing:

20Y3Nov.21Received from McKenna Outer Wear Co., on account, a $66,000, 60-day, 8% note dated November 21 in settlement of a past due account.Dec.31Recorded an adjusting entry for accrued interest on the note of November 21.20Y4Jan.20Received payment of note and interest from McKenna Outer Wear Co.

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