Question: Apr. 1 , 2 0 2 5 Accepted Goodwin Company's 1 2 - month, 6 % note in settlement of a $ 3 0 ,

Apr. 1,2025 Accepted Goodwin Company's 12-month, 6% note in settlement of a $30,000 account receivable.
July 1,2025 Loaned $15,000 cash to Thomas $ locombe on a 9-month, 10% note.
Dec. 31,2025 Accrued interest on all notes receivable.
Apr. 1,2026 Received principal plus interest on the Goodwin note.
Apr. 1,2026 Thomas Slocombe dishonored 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.(List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record Journal entries in the order presented in the problem. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)
(To record interest accrued on Goodwin note)
Debit
33000
Credit
Notes Receivable
Interest Revenue
(To record interest accrued on Thomas note)
Interest Receivable
Interest Revenue
Notes Receivable
(To record collection of Goodwin note and interest)
Interest Revenue
Notes Recelvable
(To record the dishonor of Thomas note)
 Apr. 1,2025 Accepted Goodwin Company's 12-month, 6% note in settlement of

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