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How would I solve this? FULL S Exercise 9-12 Vandiver Company had the following select transactions Apt. 1, 2017 Accepted Goodwin Company's 12-month, 10% note
How would I solve this? FULL S Exercise 9-12 Vandiver Company had the following select transactions Apt. 1, 2017 Accepted Goodwin Company's 12-month, 10% note in settlement of a tss,000 account receivable. July 1, 2017 Loaned $67,000 cash to Thomas Slocombe on a 9-month, 8% note. Dec. 31, 2017 Accrued interest on all notes receivable. Apr. 1, 2018 Received principal plus interest on the Goodwin note. Apr. 1, 2018 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 manually. Record journal entries in the order presented in the problem.) automatically indented when amo Date Account Titles and Explanation /1/17 Notes Recelvable Debit Credit Accounts Receivable 12/31/17 (To record interest at 10%.)
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