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

$20Y3$

Nov. $21.$ Received from McKenna Outer Wear Co$.,$ on account, a $$48,000,60-$day, $8\%$ note dated November $21$ in settlement of a past due

account.

Dec. $31.$ Recorded an adjusting entry for accrued interest on the note of November $21.$

$P_4$

Jan. $20.$ Received payment of note and interest from McKenna Outer Wear 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 answers to the nearest

dollar amount.

Dec. $31$

$x$

$$

Accounts Receivable$-$McKenna Outer Wear Co$.x$

$$