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Ch 9-3 Exercises & Problems Entries for notes receivable, including year-end entries Instructions Chart of Accounts Journal Instructions 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 $54,000, 60-day, 7% note dated November 21 in settlement of a past due account. 31 Recorded an adjurting entry for accrued interest on the note of November 21. Dec. 2014 Jan. 20 Received payment of note and interest from McKenna Outer Wear Co. Journalize the entries to record the transactions. If no entry is required, simply skip to the next transaction. Refer Journalize the entries to record the transactions for the year 2073. I no entry is required, simply skip to the next transaction. Refer to the Chart of Accounts for exact wording of account titles. Assume a 360-day year when calculating interest. Round answers to the nearest dollar amount PAGE 1 ACCOUNTING EQUATION JOURNAL DESCRIPTION POST. REE D OBIT CREDIT ASSETS LIABILITIES EQUITY Journalire the entries to record the transactions for the year 2074. If no entry is required, simply skip to the next transaction. Refer to the Chart of Accounts for exact wording of accountries. Assume a 360-day year when calculating interest. Round answers to the nearest dollar amount PAGE 1 JOURNAL ACCOUNTING EQUATION DESCRIPTION POST. REF. DEBIT CREDIT ASSETS LIABILITIES QUITY