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Apr. 1 2022 July 1 2022 Accepted Goodwin Company's 12-month, 12% note in settlement of a $93,000 account receivable. Loaned $95,000 cash to Thomas
Apr. 1 2022 July 1 2022 Accepted Goodwin Company's 12-month, 12% note in settlement of a $93,000 account receivable. Loaned $95,000 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: Blue Spruce expects it will eventually collect. Prepare journal entries to record the transactions. Blue Spruce prepares adjusting entries once a year on December 31.(Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. Do not round intermediate calculations. Round final answers to O decimal places, eg. 5.275.) Date Account Titles and Explanation [To record interst on Goodwin Co nate.] To record interest on Slocombe note.) [To record collection of Goodwin Nate.) [To record note dishonored.) Debit Credit
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