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Blossom Company had the following selected transactions. Apr. 1, 2022 Accepted Goodwin Company's 12-month, 10% note in settlement of a $47,800 account receivable. July 1,

Blossom Company had the following selected transactions. Apr. 1, 2022 Accepted Goodwin Company's 12-month, 10% note in settlement of a $47,800 account receivable. July 1, 2022 Loaned $49,800 cash to Thomas Slocombe on a 9-month, 8% 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; Blossom expects it will eventually collect. Prepare journal entries to record the transactions. Blossom 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.)

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