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Kingbird Company had the following select transactions. Apr. 1, 2022 July 1, 2022 Dec. 31, 2022 Apr. 1, 2023 Apr. 1, 2023 Accepted Goodwin Company's

Kingbird Company had the following select transactions. Apr. 1, 2022 July 1, 2022 Dec. 31, 2022 Apr. 1, 2023 Apr. 1, 2023 Accepted Goodwin Company's 12-month, 8% note in settlement of a $49,000 account receivable. Loaned $22,000 cash to Thomas Slocombe on a 9-month, 11% note. Accrued interest on all notes receivable. Received principal plus interest on the Goodwin note. Thomas Slocombe dishonored its note; Kingbird expects it will eventually collect.
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Kingbird Company had the following select transactions. Apr. 1,2022 Accepted Goodwin Company's 12-month, 8% note in settlement of a $49,000 account receivable. July 1,2022 Loaned $22,000 cash to Thomas Slocombe on a 9-month, 11% note. Dec. 31,2022 Accrued interest on all notes receivable. Apr. 1,2023 Received principal plus interest on the Goodwin note. Apr. 1,2023 Thomas Slocombe dishonored its note; Kingbird expects it will eventually collect

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