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Skysong Company had the following select transactions Apr. 1, 2022 Accepted Goodwin Company's 12-month, 8 % note in settlement of a $42,000 account receivable. July

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Skysong Company had the following select transactions Apr. 1, 2022 Accepted Goodwin Company's 12-month, 8 % note in settlement of a $42,000 account receivable. July 1,2022 Loaned $24,000 cash to Thomas Slocombe on a 9-month, 12 % 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; Skysong expects it will eventually collect ort Prepare journal entries to record the transactions. Skysong 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.)

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