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Wildhorse Company had the following selected transactions. Apr. 1, 2022 July 1, 2022 Accepted Goodwin Company's 12-month, 12% note in settlement of a $42,600 account

Wildhorse Company had the following selected transactions. Apr. 1, 2022 July 1, 2022 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. Accrued interest on all notes receivable. Dec. 31, 2022 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.) Date Account Titles and Explanation Debit Credit (To record interest at 12%) [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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