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Current Attempt in Progress Marin Company had the following select transactions, Apr. 1.2022 Accepted Goodwin Company's 12-month, 6% note in settlement of a $33,000 account

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Current Attempt in Progress Marin Company had the following select transactions, Apr. 1.2022 Accepted Goodwin Company's 12-month, 6% note in settlement of a $33,000 account receivable. July 1, 2022 Loaned $22,000 cash to Thomas Slocombe on a 9-month, 11% 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; Marin expects it will eventually collect Prepare journal entries to record the transactions. Marin prepares adjusting entries once a year on December 31. (Credit account titles are automatically indented when the amoun Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit 4/1/22 Notes Receivable 33000 Accounts Receivable 33000 7/1/22 Notes Receivable 22000 Cash 22000 12/31/22 Interest Receivable 2805 Interest Revenue (To record interest accrued on Goodwin note) Cash 4/1/23 Notes Receivable (To record interest accrued on Thomas note) 33000 (To record collection of Goodwin note and interest) (To record the dishonor of Thomas note)

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