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Vandiver Company had the following select transactions. Apr. 1 , 2 0 2 5 Accepted Goodwin Company's 1 2 - month, 6 % note in
Vandiver Company had the following select transactions.
Apr. Accepted Goodwin Company's month, note in settlement of a $ account receivable.
July Loaned $ cash to Thomas Slocombe on a month, note.
Dec. Accrued interest on all notes receivable.
Apr. Received principal plus interest on the Goodwin note.
Apr. 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 List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. If no entry is required, select No Entry" for the account titles and enter for the amounts.
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