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(To record interst on Goodwin Co note.) 12/31/20 Interest Receivable 2680 Interest Revenue 2680 (To record interest on Slocombe note.) Cash 4/1/21 : 71500 Notes
(To record interst on Goodwin Co note.) 12/31/20 Interest Receivable 2680 Interest Revenue 2680 (To record interest on Slocombe note.) Cash 4/1/21 : 71500 Notes Receivable 65000 Interest Revenue 1625 Interest Receivable 4875 (To record collection of Goodwin Note.) 4/1/21 Accounts Receivable 67680 Notes Receivable 67000 Interest Revenue 1340 Interest Receivable 2680 (To record note dishonored.) Windsor Company had the following select transactions. Apr. 1, 2020 Accepted Goodwin Company's 12-month, 10% note in settlement of a $65,000 account receivable. July 1, 2020 Loaned $67,000 cash to Thomas Slocombe on a 9-month, 8% note. Dec 31, 2020 Accrued interest on all notes receivable. Apr. 1, 2021 Received principal plus interest on the Goodwin note. Apr. 1, 2021 Thomas Slocombe dishonored its note; Windsor expects it will eventually collect
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