Business, 15.11.2019 01:31 ht2005

Marin company had the following select transactions. apr. 1, 2022 accepted goodwin company’s 12-month, 6% note in settlement of a $37,000 account receivable. july 1, 2022 loaned $22,000 cash to thomas slocombe on a 9-month, 12% note. dec. 31, 2022 accrued interest on all notes receivable. apr. 1, 2023 received principal plus interest on the goodwin note. apr. 1, 2023 thomas slocombe dishonored its note; marin expects it will eventually collect. prepare journal entries to record the transactions. marin prepares adjusting entries once a year on december 31.

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Marin company had the following select transactions. apr. 1, 2022 accepted goodwin company’s 12-mont...

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