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Apr. 1, 2022 July 1, 2022 Tamarisk Company had the following select transactions. Accepted Goodwin Company's 12-month, 8% note in settlement of a $30,000
Apr. 1, 2022 July 1, 2022 Tamarisk Company had the following select transactions. Accepted Goodwin Company's 12-month, 8% note in settlement of a $30,000 account receivable. Loaned $22,000 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: Tamarisk expects it will eventually collect.
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