The following selected transactions were completed by Zippy Do Co., a supplier of zippers for clothing:

2015
Dec.	3	Received from Chicago Clothing & Bags Co., on account, a $34,500, 90-day, 12% note dated December 3.
31	Recorded an adjusting entry for accrued interest on the note of December 3.
31	Recorded the closing entry for interest revenue.
2016
Mar.	2	Received payment of note and interest from Chicago Clothing & Bags Co.

Journalize the entries to record the transactions. If no entry is required, simply skip to the next transaction. Be sure to include the year when you enter the date in the journal. Refer to the Chart of Accounts for exact wording of account titles.

CHART OF ACCOUNTS

Zippy Do Co.

General Ledger

ASSETS
110	Cash
111	Petty Cash
121	Accounts Receivable-Chicago Clothing & Bags Co.
129	Allowance for Doubtful Accounts
131	Interest Receivable
132	Notes Receivable
141	Merchandise Inventory
145	Office Supplies
146	Store Supplies
151	Prepaid Insurance
181	Land
191	Store Equipment
192	Accumulated Depreciation-Store Equipment
193	Office Equipment
194	Accumulated Depreciation-Office Equipment

LIABILITIES
210	Accounts Payable
211	Salaries Payable
213	Sales Tax Payable
214	Interest Payable
215	Notes Payable

EQUITY
310	Common Stock
311	Retained Earnings
312	Dividends
313	Income Summary

REVENUE
410	Sales
610	Interest Revenue

EXPENSES
510	Cost of Merchandise Sold
520	Sales Salaries Expense
521	Advertising Expense
522	Depreciation Expense-Store Equipment
523	Delivery Expense
524	Repairs Expense
529	Selling Expenses
530	Office Salaries Expense
531	Rent Expense
532	Depreciation Expense-Office Equipment
533	Insurance Expense
534	Office Supplies Expense
535	Store Supplies Expense
536	Credit Card Expense
537	Cash Short and Over
538	Bad Debt Expense
539	Miscellaneous Expense
710	Interest Expense

Journalize the entries to record the transactions. If no entry is required, simply skip to the next transaction. Be sure to include the year when you enter the date in the journal. Refer to the Chart of Accounts for exact wording of account titles. PAGE 1 JOURNAL

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