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E9-12B Robs Stores had the following select transactions. Apr. 1, 2017 Accept d Gates Company's...

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Accounting

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E9-12B Robs Stores had the following select transactions. Apr. 1, 2017 Accept d Gates Company's 1-year, 12% note in settlement of a $30,000 account receivable. July 1, 2017 Loaned $50,000 cash to Eric Hatfield on a 9-month, 10% note. Dec. 31, 2017 Accrued interest on all notes receivable. Apr. 1, 2018 Received principal plus interest on the Gates note Apr. 1, 2018 Eric Hatfield dishonored its note: Rob's expects it will eventually collect. Instructions Prepare journal entries to record the transactions. Rob's Stores prepares adjusting entries once a year on December 31

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