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solve fill in the charts FS-14. Prepare entries for note receivable transactions. Vandiver Company had the following select transactions. July 1, 2019 1, 2019 31,
solve fill in the charts
FS-14. Prepare entries for note receivable transactions. Vandiver Company had the following select transactions. July 1, 2019 1, 2019 31, 2019 1. 2020 1, 2020 Accepted Goodwin Company's 12-month, 6% note in settlement of a $30,000 account receivable. Loaned $25,000 cash to Thomas Slocombe on a 9-monthr 10% note. Accrued interest on all notes receivable. Received principal plus interest on the Goodwin note, Thomas Slocombe dishonored its note; Vandiver expects jt will eventually collect. Prepare journal entries to record the transactions. Vandiver prepares adjusting entries once a year on December 31.
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