Question: Question 2 View Policies Current Attempt in Progress Splish Brothers Company had the following select transactions Accepted Goodwin Company's 12-month, 10% note in settlement of

 Question 2 View Policies Current Attempt in Progress Splish Brothers Companyhad the following select transactions Accepted Goodwin Company's 12-month, 10% note in

Question 2 View Policies Current Attempt in Progress Splish Brothers Company had the following select transactions Accepted Goodwin Company's 12-month, 10% note in settlement of a $26,400 account receivable Loaned $28,400 cash to Thomas Slocombe on a 9-month, 8% note Accrued interest on all notes receivable Apr. 1, 2019 July 1,2019 Dec. 31, 2019 Received principal plus interest on the Goodwin note. Apr. 1, 2020 Apr. 1, 2020 Thomas Slocombe dishonored its note; Splish Brothers expects it will eventually collect. Prepare journal entries to record the transactions. Splish Brothers 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. Round intermediate calculations to 2 decimal places, e.g. 15.25 and final answers to O decimal places, e.g. 5,275.) Account Titles and Explanation Credit Date Debit (To record interst on Goodwin Co note.) (To record interest on Slocombe note.) (To record collection of Goodwin Note.) (To record note dishonored.)

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