Vandiver Company had the following select transactions.

Apr.	1, 2015	Accepted Goodwin Company's 12-month, 12% note in settlement of a $30,000 account receivable.
July	1, 2015	Loaned $25,000 cash to Thomas Slocombe on a 9-month, 10% note.
Dec.	31, 2015	Accrued interest on all notes receivable.
Apr.	1, 2016	Received principal plus interest on the Goodwin note.
Apr.	1, 2016	Thomas Slocombe dishonored its note; Vandiver expects it will eventually collect.

Prepare journal entries to record the transactions. Vandiver prepares adjusting entries once a year on December 31.

E8-12
4/1/15
7/1/15
12/31/15
4/1/16
4/1/16