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please fill in red. Windsor Company had the following select transactions. Apr. 1,2025 Accepted Goodwin Company's 12 -month, 6% note in settlement of a $34,000
please fill in red.
Windsor Company had the following select transactions. Apr. 1,2025 Accepted Goodwin Company's 12 -month, 6% note in settlement of a $34,000 account receivable. July 1,2025 Loaned $21,000 cash to Thomas Slocombe on a 9-month, 10% 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; Windsor expects it will eventually collect. Prepare journal entries to record the transactions. Windsor 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 O for the amounts. 12/31/25 Interest Receivable Interest Revenue (To record interest accrued on Thomas note) 4/1/26 Cash Notes Receivable Interest Receivable Interest Revenue (To record collection of Goodwin note and interest) 4/2/26 Accounts Receivable Notes Receivable Interest Receivable Interest Revenue (To record the dishonor of Thomas note) Step by Step Solution
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