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.
Chapter12: Current Liabilities
Section: Chapter Questions
Problem 3PB: Review the following transactions, and prepare any necessary journal entries for Sewing Masters Inc....
Related questions
Question
![The following selected transactions were completed by Zippy Do Co., a supplier of zippers for
clothing:
2019
Dec.
1
2
2
3
4
5
6
7
8
0
9
10
11
12
12
13
14
15
16
17
3
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.
18
19
20
31
31
Page 10
Accounting 1A
Class Assignment
Chapter 8-Receivables
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.
Date
GENERAL JOURNAL
Description
Post
ref
Debit
Page
Credit
1
2
3
4
5
6
0
7
191
8
9
10
11
12
13
14
15
16
17
18
19
20
Page <](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F5e4e5146-969d-4643-8e1a-977cd9815aba%2F61a745a9-0962-4377-9d90-f2ddac7905c9%2F2yny3os_processed.jpeg&w=3840&q=75)
Transcribed Image Text:The following selected transactions were completed by Zippy Do Co., a supplier of zippers for
clothing:
2019
Dec.
1
2
2
3
4
5
6
7
8
0
9
10
11
12
12
13
14
15
16
17
3
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.
18
19
20
31
31
Page 10
Accounting 1A
Class Assignment
Chapter 8-Receivables
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.
Date
GENERAL JOURNAL
Description
Post
ref
Debit
Page
Credit
1
2
3
4
5
6
0
7
191
8
9
10
11
12
13
14
15
16
17
18
19
20
Page <
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