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Sunland Company had the following select transactions. Apr. 1, 2022 Accepted Goodwin Company's 12-month, 16% note in settlement of a $55.800 account receivable. July 1,

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Sunland Company had the following select transactions. Apr. 1, 2022 Accepted Goodwin Company's 12-month, 16\% note in settlement of a $55.800 account receivable. July 1, Loaned $57,800 cash to Thomas Slocombe on a 9-month, 14% 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; Sunland expects it will eventually collect. Prepare journal entries to record the transactions. Sunland 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. Do not round intermedlate calculations. Round final answers to 0 decimal places, eg. 5.275.) (Torecord interest on Slocombe note.) (To record collection of Goodwin Note.) (To record note dishonored.)

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