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Wildhorse Company had the following selected transactions.

Apr. $1,2022$ Accepted Goodwin Company's $12-$month, $12\%$ note in settlement of a $$42,600$ account receivable.

July $1,2022$ Loaned $$44,600$ cash to Thomas Slocombe on a $9-$month, $10\%$ note.

Dec. $31,2022$ Accrued interest on all notes receivable.

Apr. $1,2023$ Received principal plus interest on the Goodwin note.

Apr. $1,2023$ Thomas Slocombe dishonored its note: Wildhorse expects it will eventually collect.

Prepare journal entries to record the transactions. Wildhorse prepares adjusting entries once a year on December $31.($Credit account titles are automatically indented when amount is entered. Do not indent manually. Recor

Date

Account Titles and Explanation

Debit

Credit

$($To record interest at $12\%)$

$($To record interest at $10\%)$

$$

$$

$$

$$

$($To record principal plus interest on the Goodwin note$)$

$$

$$

$($To record note dishonoured$)$