Weygandl, Financial Accounting, 9e Assignment nt Gradebook ORION Downloadable elextbook ent CALCULATOR MESSAGE HY INS Apr. 1, 2014 July 1, 2014 Dec. 31, 2014 Apr. 1, 2015 Apr 1,2015 Accepted Goodwin Company's 12-month,14% Loaned $77,600 cash to Thomas Slocombe on a 9-month, 12% note. Accrued interest on all notes receivable. Received principal plus interest on the Goodwin note. Thomas Slocombe dishonored its note; Vandiver expects it will eventualy collect. note in settlement ofa $75,500 acco tre enable Prepare jounal entries to record the transactions. vandiver prepares adjusting entries once a year on December 31. (Credit amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit 4/1/2013 TNotes Receivable Accounts Receivable 7/1/2015 Notes Receivable Cash 12/31/2015 1 Interest Receivable Interest Revenue (To record interest at 24%) notes tavable