Exercise 8-12 Your answer is partially correct. Try again. Vandiver Company had the following select transactions. Apr 1, 2014 Accepted Goodwin Company's 12-month, 10% note in settlement of a $98,200 account receivable. July 1, 2014 Loaned $100,200 cash to Thomas Slocombe on a 9-month, 8% note. Dec. 31, 2014 Accrued interest on all notes receivable. Apr. 1, 2015 Received principal plus interest on the Goodwin note. Apr. 1, 2015 Thomas Slocombe dishonored its note; Vandiver expects it will eventually collect. Prepare journal entries to record the transactions. Vandiver prepares adjusting entries once a year on December 31. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit 4/1/2015 Notes Receivable L 60600 Accounts Receivable 60600 7/1/2015 [votes Receivable 62600 Cash 62600 12/31/2015 interest Receivable 6363 12/31/2015 TInterest Receivable 6363 Interest Revenue 6363 (To record interest at 10%) Interest Receivable 3756 Interest Revenue 3756 (To record interest at 8%) 4/1/2016 TCash 69084 Notes Receivable 60600 Interest Receivable 6363 Interest Revenue 2121 To record collection and interest) Thomas Slocombe 68234 Notes Receivable 62600 Interest Receivable 3756 Interest Revenue 1878