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Splish Company had the following select transactions. Apr. 1, 2020 July 1, 2020 Dec. 31. 2020 Apr 1. 2021 Apr. 1 2021 Accepted Goodwin Company's
Splish Company had the following select transactions. Apr. 1, 2020 July 1, 2020 Dec. 31. 2020 Apr 1. 2021 Apr. 1 2021 Accepted Goodwin Company's 12 month, 10% note in settlement of a $26,400 account receivable. Loaned $28,400 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: Splish expects it will eventually collect Prepare journal entries to record the transactions. Splish 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
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