Question: can someone please explain how to do this and why you did what you did to solve this E8.14 (LO3), AP Vandiver Company had the

can someone please explain how to do this and why you did what you did to solve this

E8.14 (LO3), AP Vandiver Company had the following selected transactions. Apr. 1,2022 Accepted Goodwin Company's 12-month, 6% note in settlement of a $30,000 account receivable. Intoot July 1, 2022 Loaned $25,000 cash to Thomas Slocombe on a 9-month, 10% note. 7 Dec. 31,2022 Accrued interest on all notes receivable. bodwin =30,000+68a/12=1,350 Thwis =25,20+10%8/12=1/16001,250 Apr. 1,2023 Received principal plus interest on the Goodwin note. Apr. 1,2023 Thomas Slocombe dishonored its note; Vandiver expects it will eventually collect

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