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Wildhorse Company had the following select transactions. Apr. July 1, 2022 1, 2022 Dec. 31, 2022 1, 2023 Apr. Apr. 1, 2023 Accepted Goodwin Company's
Wildhorse Company had the following select transactions. Apr. July 1, 2022 1, 2022 Dec. 31, 2022 1, 2023 Apr. Apr. 1, 2023 Accepted Goodwin Company's 12-month, 12% note in settlement of a $42,600 account receivable. Loaned $44,600 cash to Thomas Slocombe on a 9-month, 10% note. Date Accrued interest on all notes receivable. Received principal plus interest on the Goodwin note. 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 acc titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account and enter O for the amounts. Do not round intermediate calculations. Round final answers to O decimal places, e.g. 5,275.) Account Titles and Explanation Debit Credit
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