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Metlock Company had the following select transactions. Apr. 1.2022 Accepted Goodwin Company's 12-month, 6% note in settlement of a $45,000 account receivable. July 1,2022 Loaned

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Metlock Company had the following select transactions. Apr. 1.2022 Accepted Goodwin Company's 12-month, 6% note in settlement of a $45,000 account receivable. July 1,2022 Loaned $23,000 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. Apr. 1.2023 Thomas Slocombe dishonored its note: Metlock expects it will eventually collect. Date Account Titles and Explanation Debit Credit 4/1/22 7/1/22 12/31/22 (To record interest accrued on Goodwin note) (To record interest accrued on Thomas note) (To record collection of Goodwin note and interest)

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