assignment8b q3

Assignment 8-B REQUIRED Question 3 of 5 -12 Splish Brothers Company had the following select transactions. Apr. 1.2022 Accepted Goodwin Company's 12-month, 6% note in settlement of a $30,000 account receivable. July 1,2022 Loaned $25,000 cash to Thomas Stocombe on a 9-month 10% note. Accrued interest on all notes receivable Dec. 31, 2022 Apr. 1.2023 Received principal plus interest on the Goodwin note. Apr. 1.2023 Thomas Slocombe dishonored its note:Splish Brothers expects it will eventually collect Prepare journal entries to record the transactions. Splish Brothers prepares adjusting entries once a year on December 31. (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.) Date Account Titles and Explanation Debit Credit (To record interest accrued on Goodwin note) (To record interest accrued on Thomas note) (To record collection of Goodwin note and interest) 1