Business, 18.03.2020 04:17 ngmasuku3115

Kingbird Company had the following select transactions. Apr. 1, 2022 Accepted Goodwin Company's 12 month, 6% note in settlement of a $38,000 account receivable. July 1, 2022 Loaned $17,000 cash to Thomas Slocombe on a 9-month, 12% 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 Bishonored its note: Kingbird expects it will eventually collect Prepare journal entries to record the transactions, Kingbird prepares adjusting entries once a year on December 31. (Credit account ttles are automatically indented when the amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) Date Account Tities and Explanation Debit Credit (To record Wrest scored on Gown mote) (To record interest accrued on Thomas ) (To record interest accrued on Goodwin note) (To record interest accrued on Thomas note) (To record collection of Goodwin note and interest) (To record the dishonor of Thomas note) SHOW LIST OF ACCOUNTS

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Kingbird Company had the following select transactions. Apr. 1, 2022 Accepted Goodwin Company's 12 m...

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