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Bramble Company had the following selected transactions. Apr. 1, 2022 Accepted Goodwin Company's 12-month, 14% note in settlement of a $84,400 account receivable. July 1,
Bramble Company had the following selected transactions. Apr. 1, 2022 Accepted Goodwin Company's 12-month, 14\% note in settlement of a \$84,400 account receivable. July 1, 2022 Loaned $86,400 cash to Thomas Slocombe on a 9-month, 12% 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; Bramble expects it will eventually collect. Accounts Receivable 84400 7/1/22 Notes Receivable 86400 Cash 86400 12/31/22 Interest Receivable 11816 Interest Revenue (To record interest at 14\%) 12/31/22 Interest Receivable 7776 Interest Revenue (To record interest at 12% ) 7776 4/1/23v Cash 99170 Notes Receivable 84400 Interest Revenue 2954 Interest Receivable 11816 (To record principal plus interest on the Goodwin note) 4/1/23 Accounts Receivable 96768 Notes Receivable Interest Revenue 2952 Interest Receivable 7776 (To record note dishonoured)
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