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Apr. 1. 2022 July 1, 2022 Dec. 31, 2022 Apr 1. 2023 Larkspur Company had the following select transactions Accepted Goodwin Company's 12-month, 16% note
Apr. 1. 2022 July 1, 2022 Dec. 31, 2022 Apr 1. 2023 Larkspur Company had the following select transactions Accepted Goodwin Company's 12-month, 16% note in settlement of a $60.200 account receivable. Loaned $62.200 cash to Thomas Slocombe on a 9-month, 14% note Accrued interest on all notes receivable Received principal plus interest on the Goodwin note Apr. 1. 2023 Thomas Slocombe dishonored its note; Larkspur expects it will eventually collect Prepare journal entries to record the transactions. Larkspur 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 Odecimal places, eg 5,275) Date Account Titles and Explanation 4/1/22 Accounts Receivable 7/1/22 Cash 12/01/22 12/31/22 [To record interst on Goodwin Conte 4/1/23 (To record interest on Slocombe note Cash 4/1/23 (To record collection of Goodwin Note Accounts Receivable (To record note dishonored.) Debit Credit 60.200 42.200 60200 62.200
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