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please answer it correctly! - / 15 E ili Question 1 of 6 > View Policies Current Attempt in Progress Blossom Company had the following
please answer it correctly!
- / 15 E ili Question 1 of 6 > View Policies Current Attempt in Progress Blossom Company had the following select transactions. Apr 1 2022 July 1, 2022 Dec 31, 2022 Accepted Goodwin Company's 12-month, 10% note in settlement of a $47,800 account receivable. Loaned $49,800 cash to Thomas Slocombe on a 9-month, 8% note, Accrued interest on all notes receivable Received principal plus interest on the Goodwin note. Thomas Slocombe dishonored its note; Blossom expects it will eventually collect. Apr 1, 2023 Apr. 1. 2023 Prepare journal entries to record the transactions. Blossom prepares adjusting entries once a year on December 31. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts. Do not round intermediate calculations. Round final answers to decimal places, eg5,275.) Date Account Titles and Explanation Debit Credit Date Account Titles and Explanation Debit Credit (To record interst on Goodwin Conote - / 15 III E Question 1 of 6 To record interst on Goodwin Co note.) (To record interest on Slocombe note.) (To record collection of Goodwin Note.) Question 1 of 6 - /15 III (To record collection of Goodwin Note.) (To record note dishonored.) eTextbook and Media List of Accounts Save for Later Attempts: 0 of 5 used Step by Step Solution
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