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Vandiver Company had the following select transactions. Apr 1, 2017 July 1, 2017 Dec 31, 2017 Apr. 1, 2018 Apr 1, 2018 Accepted Goodwin Company's

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Vandiver Company had the following select transactions. Apr 1, 2017 July 1, 2017 Dec 31, 2017 Apr. 1, 2018 Apr 1, 2018 Accepted Goodwin Company's 12-month, 10% note in settlement of a $47,800 account receivable. Loaned $49,800 cash to Thomas Slocombe on a 9-month, 8% note. Accrued interest on all notes receivable. Received principal plus interest on the Goodwin note. Thomas Slocombe dishonored its note; Vandiver expects it will eventually collect

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