The following selected transactions were completed by Interlocking Devices Co., a supplier of zippers for clothing:
20Y7
Dec. 7 Received from Unitarian Clothing & Bags Co., on account, a $75,000,60-day, 3% note dated December 7.
31. Recorded an adjusting entry for accrued interest on the note of December 7.
31. Recorded the closing entry for interest revenue.
20Y8
Feb. 5. Received payment of note and interest from Unitarian Clothing & Bags Co. Journalize the entries to record the transactions.