Question: assignment 8b q3 got some wrong answers Assignment 8-B REQUIRED Question 3 of 5 Assignment 8-B REQUIRED Question 3 of S Splish Brothers Company had

assignment 8b q3 got some wrong answers Assignment 8-B REQUIRED Question 3 of S Splish Brothers Company had the following selecttransactions. 1.36/2 Apr. 1, 2022 July 1, 2022 Dec 31,2022 Apr.

Assignment 8-B REQUIRED Question 3 of 5

Assignment 8-B REQUIRED Question 3 of S Splish Brothers Company had the following selecttransactions. 1.36/2 Apr. 1, 2022 July 1, 2022 Dec 31,2022 Apr. Apr. 1, 2023 1, 2023 Accepted Goodwin CompanVs 12-rnonth, 5% note in settlement of a $30,000 account receivable. Loaned $25,000 cash to Thomas Slocombe on a 9-month, 10% note. Accrued interest on all notes receivable. Received principal plus interest on the Goodwin note. Thomas Slocombe dishonored its note; Splish Brothers expects it will eventually collect. Prepare journal entries to record the transactions. Splish Brothers prepares adjusting entries once a year on December 31. (Credit account titles are automatically indentd when the amount is entered. Do not indent manually. Recordjournal entries in the order presented in the problem) Account Titles and Explanation Notes Receivable Accounts Receivable Notes Receivable Interest Reverue Notes Receivable (To record interest accrued on Goodwin note) Interest Receivable Notes Receivable (To record interest accrued on Thomas note) Cash Debit 4/1/22 7/1/22 12/31/22 12/31/22 4/1/23 Credit 25000 1350 1250

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