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Teal Mountain Company had the following select transactions. Apr. 1.2022 July 1, 2022 Dec 31, 2022 Apr. 1.2023 Apr. 1.2023 Accepted Goodwin Company's 12-month, 8%

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Teal Mountain Company had the following select transactions. Apr. 1.2022 July 1, 2022 Dec 31, 2022 Apr. 1.2023 Apr. 1.2023 Accepted Goodwin Company's 12-month, 8% note in settlement of a $39,000 account receivable. Loaned $19,000 cash to Thomas Slocombe on a 9-month, 10% note. Accrued interest on all notes receivable. Received principal plus interest on the Goodwin note. Thomas Slocombe dishonored its note: Teal Mountain expects it will eventually collect. Prepare journal entries to record the transactions. Teal Mountain 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.) Date Account Titles and Explanation Debit Credit -- Question 7 of 13 (To record interest accrued on Goodwin note) (To record interest accrued on Thomas note) (To record collection of Goodwin note and interest) Teal Mountain Company had the following select transactions. Apr. 1.2022 July 1, 2022 Dec 31, 2022 Apr. 1.2023 Apr. 1.2023 Accepted Goodwin Company's 12-month, 8% note in settlement of a $39,000 account receivable. Loaned $19,000 cash to Thomas Slocombe on a 9-month, 10% note. Accrued interest on all notes receivable. Received principal plus interest on the Goodwin note. Thomas Slocombe dishonored its note: Teal Mountain expects it will eventually collect. Prepare journal entries to record the transactions. Teal Mountain 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.) Date Account Titles and Explanation Debit Credit -- Question 7 of 13 (To record interest accrued on Goodwin note) (To record interest accrued on Thomas note) (To record collection of Goodwin note and interest)

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