Exercise 8-14 Your answer is partially correct. Try again. Kingbird Company had the following select transactions Apr. 1, 2019 July 1, 2019 Dec. 31, 2019 Apr. 1, 2020 Apr. 1, 2020 Accepted Goodwin Company's 12-month, 14% note in settlement of a $30,400 account receivable Loaned $32,400 cash to Thomas Slocombe on a 9-month, 12% note. Accrued interest on all notes receivable. Received principal plus interest on the Goodwin note. 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. (Credit account tities are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) DateAccount Titles and Explanation Debit Credit 4/1/19 Notes Receivable 30400 Accounts Receivable 30400 7/1/19 Notes Receivable 32400 cash 32400 12/31/19Interest Receivable 5136