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Windsor Company had the following selected transactions. Apr. 1 2022 July 1 2022 Dec 31, 2022 Accepted Goodwin Company's 12 month, 10% note in settlement
Windsor Company had the following selected transactions. Apr. 1 2022 July 1 2022 Dec 31, 2022 Accepted Goodwin Company's 12 month, 10% note in settlement of a $65,000 account receivable. Loaned $67,000 cash to Thomas Slocombe on a 9-month, 8% note. Accrved interest on all notes receivable. Received principal plus interest on the Goodwin note, Thomas Slocombe dishonored its riote:Windsor expects it will eventually collect. Apr. 1, 2023 Apr 1. 2023 Prepare journal entries to record the transactions. Windsor prepares adjusting entries once a year on December 31. (Credit occount titles are automatically inderted 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 207FM Date Account Titles and Explanation Debit Credit to record interest at 109 To record interest Question 4 of 5 > -/4 ili Concord interest at B) To record principal plus interest on the Goodwin natel Characord note di houred The PM Roston
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