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teal mountain company had the following select transactions. April 1 2022- Accepted Goodwin companies 12 month 8% note in settlement of a $39,000 account receivable
teal mountain company had the following select transactions.
April 1 2022- Accepted Goodwin companies 12 month 8% note in settlement of a $39,000 account receivable
July 1, 2022- loaned $19,000 cash to Thomas Slocombe on a nine month 10% note.
December 31, 2022- accurate interest on all notes receivable.
April 1, 2023- received principal plus interest on the Goodwin note.
April 1, 2023- Thomas Slocombe dishonored it's note, tail mountain expects it will eventually collect.
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