EX 9-22 Entries for notes receivable, including year-end entries
The following selected transactions were completed by Zip-Up Co., a supplier of zippers for clothing:
| 2011 | |
| Dec. 10. | Received from Point Loma Clothing & Bags Co., on account, a $36,000, 90-day, 4% note dated December 10. |
| 31 | Recorded an adjusting entry for accrued interest on the note of December 10. |
| 31 | Recorded the closing entry for interest revenue. |
| 2012 | |
| Mar. 9. | Received payment of note and interest from Point Loma Clothing & Bags Co. |
Journalize the transactions.
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