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Teal Mountain Company had the following select transactions. Apr. 1.2022 Accepted Goodwin Company's 12 -month, 7% note in settlement of a $38,000 account receivable. July

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Teal Mountain Company had the following select transactions. Apr. 1.2022 Accepted Goodwin Company's 12 -month, 7% note in settlement of a $38,000 account receivable. July 1,2022 Loaned $23,000 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; 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 outomatically indented when the amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) (To record interest accrued on Goodwin note) Interest Revenue (To record interest accrued on Thomas note) (To record interest accrued on Thomas note) Notes Receivable Interest Revenue Interest Receivable (To record collection of Goodwin note and interest) 4/1/23 Accounts Receivable Notes Receivable Interest Revenue Interost Receivable (To record the dishonor of Thomas note)

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