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Exercise 8-14 Your answer is partially correct. Try again. Kingbird Company had the following select transactions. Apr. 1, 2019 Accepted Goodwin Company's 12-month, 14% note

Exercise 8-14 Your answer is partially correct. Try again. Kingbird Company had the following select transactions. Apr. 1, 2019 Accepted Goodwin Company's 12-month, 14% note in settlement of a $30,400 account receivable. July 1, 2019 Loaned $32,400 cash to Thomas Slocombe on a 9-month, 12% note. Dec. 31, 2019 Accrued interest on all notes receivable Apr. 1, 2020 Received principal plus interest on the Goodwin note Apr. 1, 2020 Thomas Slocombe dishonored its note; Kingbird expects it will eventually collect

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