The following selected transactions were completed by Zippy Do Co., a supplier of zippers forclothing:2019Dec.1223456780910111212131415161732020Mar. 2 Received payment of note and interest from Chicago Clothing & Bags Co.Journalize the entries to record the transactions. If no entry is required, simply skip to the nexttransaction. Be sure to include the year in the date for the entries.1819203131Page 10Accounting 1AClass AssignmentChapter 8-ReceivablesReceived from Chicago Clothing & Bags Co., on account, a $36,000, 90-day,6% note dated December 3.Recorded an adjusting entry for accrued interest on the note of December 3.Recorded the closing entry for interest revenue.DateGENERAL JOURNALDescriptionPostrefDebitPageCredit12345607191891011121314151617181920Page <

ung Class Assignment Chapter 8-Receivables 2019 Dec. 3 Received from Chicago Clothing & Bags Co., on account, a $36,000, 90-day, 6% note dated December 3. Recorded an adjusting entry for accrued interest on the note of December 3. Recorded the closing entry for interest revenue. 31 31 2020 Mar. 2 Received payment of note and interest from Chicago Clothing & Bags Co. Journalize the entries to record the transactions. If no entry is required, simply skip to the next transaction. Be sure to include the year in the date for the entries.

ung Class Assignment Chapter 8-Receivables 2019 Dec. 3 Received from Chicago Clothing & Bags Co., on account, a $36,000, 90-day, 6% note dated December 3. Recorded an adjusting entry for accrued interest on the note of December 3. Recorded the closing entry for interest revenue. 31 31 2020 Mar. 2 Received payment of note and interest from Chicago Clothing & Bags Co. Journalize the entries to record the transactions. If no entry is required, simply skip to the next transaction. Be sure to include the year in the date for the entries.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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