8.14 Vandiver Company had the following selected transactions.

Apr.1,2022	Accepted Goodwin Companys 12-month, 6% note in settlement of a $30,000 account receivable.
July1,2022	Loaned $25,000 cash to Thomas Slocombe on a 9-month, 10% note.
Dec. 31,2022	Accrued interest on all notes receivable.
Apr.1,2023	Received principal plus interest on the Goodwin note.
Apr.1,2023	Thomas Slocombe dishonored its note; Vandiver expects it will eventually collect.

Instructions

Prepare journal entries to record the transactions. Vandiver prepares adjusting entries once a year on December 31.

Journalize entries for dishonor of notes receivable.