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4:14 PM Sat Mar 18 Chapters 7 & 8 Homework Question 27 of 27 < > Your answer is partially correct. Windsor Company had
4:14 PM Sat Mar 18 Chapters 7 & 8 Homework Question 27 of 27 < > Your answer is partially correct. Windsor Company had the following select transactions. education.wiley.com 0.61/1 Apr. 1,2025 July Dec. 31, 2025 Apr. Apr. Accepted Goodwin Company's 12-month, 6% note in settlement of a $34,000 account receivable. 1.2025 Loaned $21,000 cash to Thomas Slocombe on a 9-month, 10% note. Accrued interest on all notes receivable. 1,2026 Received principal plus interest on the Goodwin note. 1,2026 Thomas Slocombe dishonored its note; Windsor expects it will eventually collect. Prepare journal entries to record the transactions. Windsor prepares adjusting entries once a year on December 31. (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) Date Account Titles and Explanation 4/1/25 Notes Receivable Accounts Receivable 7/1/25 Notes Receivable Cash 12/31/25 Interest Receivable 0 Interest Revenue (To record interest accrued on th Debit 34000 21000 Credit 34000 21000 65%
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