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Question 5 of 6 - /38 Nash Company had the following selected transactions. Apr. 1, 2022 July 1, 2022 Dec. 31, 2022 Accepted Goodwin Company's

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Question 5 of 6 - /38 Nash Company had the following selected transactions. Apr. 1, 2022 July 1, 2022 Dec. 31, 2022 Accepted Goodwin Company's 12-month, 10% note in settlement of a $ 20,200 account receivable. Loaned $ 22,200 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; Nash expects it will eventually collect Apr. 1, 2023 Apr. 1, 2023 Prepare journal entries to record the transactions. Nash prepares adjusting entries once a year on December 31. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit 4/1/22 Notes Receivable 20200 Accounts Receivable 20200 OCT 5 stv C . Aw uestion 5 of 6 > - / 38 (To record interest at 8%) (To record principal plus interest on the Goodwin note) (To record note dishonoured) OCE 5 tv NO AW

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