Vaughn Company had the following selected transactions. Apr. 1, 2022 July 1, 2022 Dec. 31, 2022...
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Vaughn Company had the following selected transactions. Apr. 1, 2022 July 1, 2022 Dec. 31, 2022 Apr. 1, 2023 Apr. 1, 2023 Accepted Goodwin Company's 12-month, 12% note in settlement of a $67,800 account receivable. Loaned $69,800 cash to Thomas Slocombe on a 9-month, 10% note. Accrued interest on all notes receivable. Received principal plus interest on the Goodwin note. Thomas Slocombe dishonored its note: Vaughn expects it will eventually collect. 3 v Cash Notes Receivable Interest Receivable Interest Revenue (To record principal plus interest on the Goodwin note) Accounts Receivable Notes Receivable Interest Receivable Interest Revenue (To record note dishonoured) 73 67800 6102 69800 6102 Vaughn Company had the following selected transactions. Apr. 1, 2022 July 1, 2022 Dec. 31, 2022 Apr. 1, 2023 Apr. 1, 2023 Accepted Goodwin Company's 12-month, 12% note in settlement of a $67,800 account receivable. Loaned $69,800 cash to Thomas Slocombe on a 9-month, 10% note. Accrued interest on all notes receivable. Received principal plus interest on the Goodwin note. Thomas Slocombe dishonored its note: Vaughn expects it will eventually collect. 3 v Cash Notes Receivable Interest Receivable Interest Revenue (To record principal plus interest on the Goodwin note) Accounts Receivable Notes Receivable Interest Receivable Interest Revenue (To record note dishonoured) 73 67800 6102 69800 6102
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