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Windsor Company had the following select transactions, Apr. 1, 2022 Accepted Goodwin Company's 12-month, 10% note in settlement of a $ 65,000 account receivable. July
Windsor Company had the following select 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. Date Account Titles and Explanation Debit Credit (To record interst on Goodwin Co note.) N (To record interest on Slocombe note.) To record collection of Goodwin Note.)
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