The following selected transactions were completed by Easy-Zip Co., a supplier of zippers for clothing: 2013 Dec.

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The following selected transactions were completed by Easy-Zip Co., a supplier of zippers for clothing:

2013

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.

2014

Mar. 16. Received payment of note and interest from Lake Shore Clothing & Bags Co.

Journalize the entries to record the transactions.

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Corporate Financial Accounting

ISBN: 978-1133952411

12th edition

Authors: Carl S. Warren, James M. Reeve, Jonathan E. Duchac

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Question Posted: Feb 28, 2014 08:16 AM

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The following selected transactions were completed by Easy-Zip Co., a supplier of zippers for clothing: 2013 Dec.

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2013 Dec 16 Notes Receivable 21000 Accounts ReceivableLake Shore ...View the full answer

Corporate Financial Accounting

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