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Windsor Company had the following select transactions. Apr. 1.2020 Accepted Goodwin Company's 12-month, 10% note in settlement of a $65,000 account receivable. July 1, 2020

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Windsor Company had the following select transactions. Apr. 1.2020 Accepted Goodwin Company's 12-month, 10% note in settlement of a $65,000 account receivable. July 1, 2020 Loaned $67,000 cash to Thomas Slocombe on a 9-month, 8% note. Dec 31, 2020 Accrued interest on all notes receivable. Apr. 1.2021 Received principal plus interest on the Goodwin note. Apr. 1.2021 Thomas Slocombe dishonored its note; Windsor expects it will eventually collect. Prepare journal entries to record the transactions. Windsor prepares adjusting entries once a year on December 31. (Credit account titles are manually. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit 4/1/20 - Notes Receivable 65000 Accounts Receivable 65000 7/1/20 Notes Receivable 67000 Interest Revenue 4875 (To record interst on Goodwin Co note.) 12/31/20 - Interest Receivable Interest Revenue 4466 (To record interest on Slocombe note.) 4/1/21 Notes Receivable Interest Revenue Interest Receivable (To record collection of Goodwin Note.) 4/1/21 - Accounts Receivable Notes Receivable Interest Revenue Interest Receivable (To record note dishonored.)

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