Business, 21.03.2020 09:36 PONBallfordM89

Vandiver Company had the following select transactions. Apr. 1, 2014 Accepted Goodwin Company's 12-month, 14% note in settlement of a $60, 600 account receivable. July 1, 2014 Loaned $62, 600 cash to Thomas Slocombe on a 9-month, 12% note. Dec. 31, 2014 Accrued interest on all notes receivable. Apr. 1, 2015 Received principal plus Interest on the Goodwin note. Apr. 1, 2015 Thomas Slocombe dishonored its note; Vandiver expects it will eventually collect. Prepare journal entries to record the transactions. Vandiver prepares adjusting entries once a year on December 31. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)

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Vandiver Company had the following select transactions. Apr. 1, 2014 Accepted Goodwin Company's 12-m...