Entries for notes receivable, including year-end entries

Interlocking Devices, a supplier of zippers for clothing, is owned and operated by Jay Dewitt. The following selected transactions were completed by Interlocking Devices:

20Y7 December 7. Received from Unitarian Clothing & Bags Co., on account, a $84,000, 60-day, 6% note dated December 7. December 31. Recorded an adjusting entry for accrued interest on the note of December 7. December 31. Recorded the closing entry for interest revenue.

20Y8 February 5. Received payment of note and interest from Unitarian Clothing & Bags Co.

Journalize the entries to record the transactions. Assume 360 days in a year. If an amount box does not require an entry, leave it blank. If required, round the interest to the nearest cent.

Date	Account	Debit	Credit
20Y7, Dec. 7	Accounts Receivable-Unitarian Clothing and Bags Co.Allowance for Doubtful AccountsBad Debt ExpenseInterest ReceivableNotes Receivable
	Accounts Receivable-Unitarian Clothing and Bags Co.Allowance for Doubtful AccountsBad Debt ExpenseInterest ReceivableNotes Receivable
Dec. 31	CashInterest ExpenseInterest PayableInterest ReceivableUnearned Interest
	CashInterest ExpenseInterest ReceivableInterest RevenueNotes Receivable
Dec. 31	CashInterest ExpenseInterest RevenueJay Dewitt, CapitalNotes Receivable
	CashDividendsInterest ExpenseJay Dewitt, CapitalNotes Receivable
20Y8, Feb. 5	Allowance for Doubtful AccountsCashInterest PayableInterest ReceivableUnearned Interest
	Allowance for Doubtful AccountsCashInterest ExpenseInterest PayableNotes Receivable
	Allowance for Doubtful AccountsCashInterest ExpenseInterest PayableInterest Receivable
	Allowance for Doubtful AccountsCashInterest ExpenseInterest PayableInterest Revenue