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Larkspur Company had the following select transactions Apr. 1.2022 July 1, 2022 Dec 31, 2022 Accepted Goodwin Company's 12-month, 6% note in settlement of a

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Larkspur Company had the following select transactions Apr. 1.2022 July 1, 2022 Dec 31, 2022 Accepted Goodwin Company's 12-month, 6% note in settlement of a $ 43,000 account receivable. Loaned $ 23,000 cash to Thomas Slocombe on a 9-month 12%note Accrued interest on all notes receivable. Received principal plus interest on the Goodwin note, Thomas Slocombe dishonored its note: Larkspur expects it will eventually collect. Apr. 1.2023 Apr. 1.2023 Prepare journal entries to record the transactions, Larkspur prepares adjusting entries once a year on December 31. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit 4/1/22 Notes Receivable 43.000 Accounts Receivable 435000 7/1/22 Notes Receivable 23.000 23.000 12/31/22 Notes Receivable 3560 12/31/22 Notes Receivable 3.560 Interest Revenue 3.560 (To record interdst accrued on Goodwin note) 4/1/23 Ch 45.580 Notes Receivable 43,000 To record interest accrued on Thomas note) 4/1/23 Cash Notes Receivable (To record collection of Goodwin note and interest) (To record the dishonor of Thomas note)

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