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Question 7 of 9 -12 E Sage Hill Company had the following select transactions Apr. 1.2022 July 1.2022 Dec 31, 2022 Accepted Goodwin Company's 12

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Question 7 of 9 -12 E Sage Hill Company had the following select transactions Apr. 1.2022 July 1.2022 Dec 31, 2022 Accepted Goodwin Company's 12 month, 6% note in settlement of a $39.000 account receivable. Loaned $18,000 cash to Thomas Slocombe on a 9-month, 12% note Accrued interest on all notes receivable. Received principal plus interest on the Goodwin note Thomas Slocombe dishonored its note; Sape Hill expects it will eventually collect Apr. 1.2023 Apr. 1.2023 Prepare journal entries to record the transactions, Sage Hill prepares adjusting entries once a year on December 31. (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.) Debit Credit Date Account Titles and Explanation -/2 (To record interest accrued on Goodwin note) (To record interest accrued on Thomas note) (To record collection of Goodwin note and interest) Question 7 of 9 -12 (To record collection of Goodwin note and interest) (To record the dishonor of Thomas note) eTextbook and Media List of Accounts Save for Later Attempts: 0 of 5 used Submit

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