Question: please help!! Current Attempt in Progress Metlock Company had the following selected transactions. Apr. 1, 2022 Accepted Goodwin Company's 12-month, 12% note in settlement of


Current Attempt in Progress Metlock Company had the following selected transactions. Apr. 1, 2022 Accepted Goodwin Company's 12-month, 12% note in settlement of a $79,800 account receivable. Loaned $81,800 cash to Thomas Slocombe on a 9-month, 10% note. July 12022 Dec 31, 2022 Accrued interest on all notes receivable. Apr. 1, 2023 Received principal plus interest on the Goodwin note. Thomas Slocombe dishonored its note: Metlock expects it will eventually collect. Apr. 1, 2023 Prepare journal entries to record the transactions. Metlock prepares adjusting entries once a year on December 31. (Credit ac titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the c presented in the problem.) Date Account Titles and Explanation Debit Cred 4/1/22 7/1/22 Prepare journal entries to record the transactions, Metlock prepares adjusting entries once a year on December 31. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit 4/1/22 7/1/22 4/1/23 (To record interest at 12%) . (To record interest at 10%) To record principal plus interest on the Goodwin note) - (To record interest at 12%) (To record interest at 10%) To record principal plus interest on the Goodwin note) 411/22 71/22 12/31/22 4/23 To record note dishonoured) e Textbook and Media
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