Entries for Notes Receivable, Including Year$-$End Entries

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

$20$Y$3$

Nov. $21.$ Received from McKenna Outer Wear Co$.,$ on account, a $$78,000,60-$day, $6\%$ 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 $21.$

$20$Y$4$

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.

$20$Y$3,$ Nov. $21$

Dec. $31$

$20$Y$4,$ Jan. $20$