Question: Current Attempt in Progress Your answer is partially correct: Whispering Company had the following selected transactions. Apr. 1, 2022 Accepted Goodwin Company's 12-month, 10% note
Current Attempt in Progress Your answer is partially correct: Whispering Company had the following selected transactions. Apr. 1, 2022 Accepted Goodwin Company's 12-month, 10% note in settlement of a $41,600 account receivable. July 1, 2022 Loaned $43,600 cash to Thomas Slocombe on a 9-month, 8% 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 dishonored its note: Whispering expects it will eventually collect. Prepare journal entries to record the transactions. Whispering prepares adjusting entries once a year on December 31 . (Credit occount titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.)
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