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Kingbird Company had the following select transactions. Apr. 1 2022 Accepted Goodwin Company's 12-month, 14% note in settlement of a $30,400 account receivable. July 12022

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Kingbird Company had the following select transactions. Apr. 1 2022 Accepted Goodwin Company's 12-month, 14% note in settlement of a $30,400 account receivable. July 12022 Loaned $32,400 cash to Thomas Slocombe on a 9-month, 12% note. Dec. 31, 2022 Accrued interest on all notes receivable. Apr. 1, 2023 Received principal plus interest on the Goodwin note. 1, 2023 Thomas Slocombe dishonored its note: Kingbird expects it will eventually collect. Apr. Prepare journal entries to record the transactions, Kingbird 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. Do not round intermediate calculations. Round final answers to decimal places, e.g. 5,275.) Date Account Titles and Explanation Debit Credit (To record interst on Goodwin Co note.) (To record interest on Slocombe note.) 4/1224 77/22 1995199 To record interst on Goodwin Co note.) (To record interest on Slocombe note.) 4/1/22 7/1/22 12/31/22 4/1/23 (To record collection of Goodwin Note) (To record note dishonored.)

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