The following selected transactions were completed by Easy-Zip Co., a supplier of zippers for clothing:
Dec. 16. Received from Lake Shore Clothing & Bags Co., on account, a $21,000, 90-day, 8% note dated December 16.
31. Recorded an adjusting entry for accrued interest on the note of December 16.
31. Recorded the closing entry for interest revenue.
Mar. 16. Received payment of note and interest from Lake Shore Clothing & Bags Co.
Journalize the entries to record the transactions.