Prepare journal entries to record the transactions. Kingbird 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.$)$

Date

Account Titles and Explanation

Debit

Credit

$($To record interest accrued on Goodwin note$)$

$($To record interest accrued on Thomas note$)$

$($To record collection of Goodwin note and interest$)$

$($To record the dishonor of Thomas note$)$Kingbird Company had the following select transactions.

Apr. $1,2025$ Accepted Goodwin Company's $12-$month, $6\%$ note in settlement of a $$49,000$ 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; Kingbird expects it will eventually collect.