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e. (No interest has been E8-12 Vandiver Com 1, 2015 Apr iver Company had the following select transactions. 2015 Accepted Goodwin Company's 12-month, 12% note

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e. (No interest has been E8-12 Vandiver Com 1, 2015 Apr iver Company had the following select transactions. 2015 Accepted Goodwin Company's 12-month, 12% note in settlement of a $30,000 account receivable. 015 Loaned $25,000 cash to Thomas Slocombe on a 9-month, 10% note. 2015 Accrued interest on all notes receivable. 2016 Received principal plus interest on the Goodwin note. 2016 Thomas Slocombe dishonored its note: Vandiver expects it will eventually L A July 1, 2015 Dec. 31, 2015 Apr 1, 2016 Apr. 1, 2016 collect. Instructions Prepare journal entrie journal entries to record the transactions. Vandiver prepares adjusting entries once a year on December 31

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