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Vandiver Company had the following select transactions. Apr. 1, 2017 Accepted Goodwin Company's 12-month, 12% note in settlement of a $93,000 account receivable. July 1,

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Vandiver Company had the following select transactions. Apr. 1, 2017 Accepted Goodwin Company's 12-month, 12% note in settlement of a $93,000 account receivable. July 1, 2017 Loaned $95,000 cash to Thomas Slocombe on a 9-month, 10% note Dec. 31, 2017 Accrued interest on all notes receivable. Apr. 1, 2018 Received principal plus interest on the Goodwin note Apr. 1, 2018 Thomas Slocombe dishonored its note; Vandiver expects it will eventually collect

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