Marigold Company had the following select transactions.

Prepare journal entries to record the transactions. Marigold 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.)

Exercise 8-14 Marigold Company had the following select transactions. Apr. 1, 2020 Accepted Goodwin Company's 12-month, 14% note in settlement of a $28,200 account receivable. July 1, 2020 Loaned $30,200 cash to Thomas Slocombe on a 9-month, 12% note. Dec. 31, 2020 Accrued interest on all notes receivable. Apr. 1, 2021 Received principal plus interest on the Goodwin note. Apr. 1, 2021 Thomas Slocombe dishonored its note; Marigold expects it will eventually collect.Date Account Titles and Explanation Debit Credit 4/1/20 Notes Receivable Accounts Receivable 7/1/20 Notes Receivable Cash 12/31/20 v Interest Receivable Interest Revenue (To record interst on Goodwin Co note.) 4/1/20 Interest Receivable (To record interest on Slocombe note.) 4/1/21 (To record collection of Goodwin Note.) 4/1/21 v Accounts Receivable inc (To record note dishonored.)