Exercise 8-14 Vandiver Company had the following select transactions. Apr. 1. 2020 Accepted Goodwin Company's 12-month, 6% note in settlement of a $30,000 account receivable. July 1, 2020 Loaned $25,000 cash to Thomas Slocombe on a 9-month, 10% 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; 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. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit 4/1/20 notes receivable 30000 accounts receivable 30000 7/1/20 notes receivable 25000 cash 25000 12/31/20 interest receivable 2600 interest revenue (To record interst on Goodwin Co note.) 2600 4/1/20 cash 31800 notes receivable (To record interest on Slocombe note.) 30000 (To record collection of Goodwin Note.) (To record note dishonored.)