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CALCULATOR PRIN Exercise 9-14 Novak Company had the following select transactions Apr. 1, 2020 Accepted Goodwin Company's 12-month, 16% note in settlement of a $98,600

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CALCULATOR PRIN Exercise 9-14 Novak Company had the following select transactions Apr. 1, 2020 Accepted Goodwin Company's 12-month, 16% note in settlement of a $98,600 account receivable. July 1, 2020 Loaned $100,600 cash to Thomas Slocombe on a 9-month, 14% note. Dec 31, 2020 Accrued Interest on all notes receivable. Apr. 1, 2021 Received principal plus interest on the Goodwin note. Apr. 1, 2021 Thomas Slocombe dishonored its note; Novak expects it will eventually collect. Prepare journal entries to record the transactions, Novak prepares adjusting entries once a year on December 31. (Credit account titles are automatically indente entered. Do not indent manually. Record fournal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit > >> (To record interest at 16%)

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