View Policies

Current Attempt in Progress

Windsor Company had the following selected transactions.

Apr. $1,2022$ Accepted Goodwin Company's $12-$month, $10\%$ note in settlement of a $$65,000$ account receivable.

July $1,2022$ Loaned $$67,000$ cash to Thomas Slocombe on a $9-$month, $8\%$ note.

Dec. $31,2022$ Accrued interest on all notes receivable.

Apr. $1,2023$ Received principal plus interest on the Goodwin note.

Apr. $1,2023$ Thomas Slocombe dishonored its note; Windsor expects it will eventually collect.baby