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View Policies Show Attempt History Current Attempt in Progress Your answer is partially correct. Wildhorse Company had the following selected transactions. Apr. 1, 2022 Accepted
View Policies Show Attempt History Current Attempt in Progress Your answer is partially correct. Wildhorse Company had the following selected transactions. Apr. 1, 2022 Accepted Goodwin Company's 12-month, 12% note in settlement of a $42,600 account receivable. July 1, 2022 Loaned $44,600 cash to Thomas Slocombe on a 9-month, 10% 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; Wildhorse expects it will eventually collect. Prepare journal entries to record the transactions. Wildhorse prepares adjusting entries once a year on December 31. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. Question 4 of 5 12/31/22 Interest Receivable \begin{tabular}{|l|} \hline \\ \hline \end{tabular} Interest Receivable 2230 (To record interest at 12\%) 4/1/23 Cash 47712 Notes Receivable (To record interest at 10\%) Question 4 of 5 2.39/7 4/1/23 Cash 47712 Notes Receivable (To record interest at 10\%) (To record principal plus interest on the Goodwin note) (To record principal plus interest on the Goodwin note) (To record note dishonoured)
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