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Prepare rauries for alle Ernie E9.14 (LO 3) Vandiver Company had the following select transactions. Apr 1, 2020 Accepted Goodwin Company's 12-month, 6% note in
Prepare rauries for alle Ernie E9.14 (LO 3) Vandiver Company had the following select transactions. Apr 1, 2020 Accepted Goodwin Company's 12-month, 6% note in settlement of a $30,000 account receivable. July 1, 2020 Loaned $25,000 cash to Thomas Slocombe on a 9-month, 10% note. Dec 31, 2020 Accrued inimest on all mutes receivable Apr 1, 2021 Received principal plus interest on the Goodwin note. Apr 1, 2021 Thomas Slocombe dishonored its note: Vandiver expects it will eventually collect Problems: Set A 9-33 Instructions Prepare journal entries to record the transactions. Vandiver prepares adjusting entries once a year on December 31
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