Question: Current Attempt in Progress Morton Company had the following select transactions. Apr. 1,2018 Accepted Remington Company's 1-year, 12% note in settlement of a $25,000

1,2018 Accepted Remington Company's 1-year, 12% note in settlement of a $25,000

account receivable. July 1,2018 Loaned $15,000 cash to Jenny Green on a

Current Attempt in Progress Morton Company had the following select transactions. Apr. 1,2018 Accepted Remington Company's 1-year, 12% note in settlement of a $25,000 account receivable. July 1,2018 Loaned $15,000 cash to Jenny Green on a 9-month, 10% note. Dec. 31, 2018 Accrued interest on all notes receivable. Apr. 1, 2019 Received principal plus interest on the Remington note. Apr. 1, 2019 Jenny Green dishonored its note: Morton expects it will eventually collect. Prepare journal entries to record the transactions. Morton prepares adjusting entries once a year on December 31. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.)

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