Normal No Spacing Heading 1 Heading 2 ates, fixes, and improvements, choose Check for Updates. ACCT2301 - Chapter 8 Accounting for Receivables Page 397 E8-14. Prepare entries for note receivable transactions. Vandiver Company had the following select transactions. Apr.: 1, 2019 Accepted Goodwin Company's 12-month, 6% note in settlement of a $30,000 account receivable. Loaned $25,000 cash to Thomas Slocombe on a 9-month, 10% July 1, 2019 note. 31, Dec. 2019 Accrued interest on all notes receivable. Apr. 1, 2020 Received principal plus interest on the Goodwin note. Thomas Slocombe dishonored its note; Vandiver expects it will Apr 1, 2020 eventually collect. Instructions Prepare journal entries to record the transactions. Vandiver prepares adjusting entries once a year on December 31