The following selected transactions were completed by Interlocking Devices Co., a supplier of zippers for clothing: 2017 Dec. 7 Received from Unitarian Clothing & Bags Co., on account, a $36,000, 60-day, 6% note dated December 7. 31 Recorded an adjusting entry for accrued interest on the note of December 7. 31 Recorded the closing entry for interest revenue. 2018 Feb. Received payment of note and interest from Unitarian Clothing & Bags Co. Journalize the entries to record the transactions. If no entry is required, simply skip to the next transaction. Refer to the Chart of Accounts for

College Accounting (Book Only): A Career Approach
13th Edition
ISBN:9781337280570
Author:Scott, Cathy J.
Publisher:Scott, Cathy J.
Chapter12: Financial Statements, Closing Entries, And Reversing Entries
Section: Chapter Questions
Problem 4PA: The following accounts appear in the ledger of Celso and Company as of June 30, the end of this...
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The following selected transactions were completed by Interlocking Devices Co., a supplier of zippers for clothing:
2017
Dec.
7
Received from Unitarian Clothing & Bags Co., on account, a $36,000, 60-day, 6% note dated
December 7.
31
Recorded an adjusting entry for accrued interest on the note of December 7.
31
Recorded the closing entry for interest revenue.
2018
Feb.
Received payment of note and interest from Unitarian Clothing & Bags Co.
Journalize the entries to record the transactions. If no entry is required, simply skip to the next transaction. Refer to the Chart of Accounts for
Transcribed Image Text:The following selected transactions were completed by Interlocking Devices Co., a supplier of zippers for clothing: 2017 Dec. 7 Received from Unitarian Clothing & Bags Co., on account, a $36,000, 60-day, 6% note dated December 7. 31 Recorded an adjusting entry for accrued interest on the note of December 7. 31 Recorded the closing entry for interest revenue. 2018 Feb. Received payment of note and interest from Unitarian Clothing & Bags Co. Journalize the entries to record the transactions. If no entry is required, simply skip to the next transaction. Refer to the Chart of Accounts for
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