Marigold Company had the following select transactions. Apr. 1, 2022 July 1, 2022 Dec. 31,...
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Marigold Company had the following select transactions. Apr. 1, 2022 July 1, 2022 Dec. 31, 2022 Apr. 1, 2023 Apr. 1. 2023 Accepted Goodwin Company's 12-month, 14% note in settlement of a $28,200 account receivable. Loaned $30,200 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; Marigold expects it will eventually collect. Prepare journal entries to record the transactions. Marigold 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. Do not round intermediate calculations. Round final answers to 0 decimal places, e.g. 5,275.) Date Account Titles and Explanation Debit Credit 4 (To record interst on Goodwin Co note.) (To record interest on Slocombe note.) (To record collection of Goodwin Note.)
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