Metlock Company had the following select transactions. Apr. July Dec. 31, 2025 Apr. Apr. 1, 2025 1, 2025 4/1/25 1, 2026 1, 2026 Date Accepted Goodwin Company's 12-month, 6% note in settlement of a $45,000 account receivable. Loaned $22,000 cash to Thomas Slocombe on a 9-month, 12% note. Accrued interest on all notes receivable. Prepare journal entries to record the tranfactions. Metlock prepares adjusting entries once a year on December 31. (List all debit entries before credit entries. 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. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) Received principal plus interest on the Goodwin note. Thomas Slocombe dishonored its note; Metlock expects it will eventually collect. Account Titles and Explanation Debit Credit

Metlock Company had the following select transactions. Apr. 1,2025 Accepted Goodwin Company's 12 -month, 6% note in settlement of a $45,000 account receivable. July 1,2025 Loaned $22,000 cash to Thomas Slocombe on a 9-month, 12% note, Dec. 31,2025 Accrued interest on all notes receivable. Apr. 1,2026 Received principal plus interest on the Goodwin note. Apr. 1,2026 Thomas Slocombe dishonored its note; Metlock expects it will eventually collect. Prepare journal entries to record the traactions. Metlock prepares adjusting entries once a year on December 31 (List all debit entries before credit entries. Credit account titles are automatically indented when the omount is entered. Do not indent manually. Record journal entries in the order presented in the problem. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)