The following selected transactions were completed by Zippy Do Co., a supplier of zippers for clothing: 2015
Question:
2015
Dec. 3. Received from Chicago Clothing & Bags Co., on account, a $36,000,
90-day, 6% note dated December 3.
31. Recorded an adjusting entry for accrued interest on the note of December 3.
31. Recorded the closing entry for interest revenue.
2016
Mar. 2. Received payment of note and interest from Chicago Clothing & Bags Co.
Journalize the entries to record the transactions?
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2015 Dec 3 Notes Receivable 36000 Accounts ReceivableChicago Cloth...View the full answer
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Related Book For 
Accounting
ISBN: 978-1285743615
26th edition
Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac
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