Sheridan Company had the following selected transactions. Apr. 1, 2022 July 1, 2022 Dec. 31,...
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Sheridan 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, 16% note in settlement of a $53,400 account receivable. Loaned $55,400 cash to Thomas Slocombe on a 9-month, 14% note. Accrued interest on all notes receivable. Received principal plus interest on the Goodwin note. Thomas Slocombe dishonored its note; Sheridan expects it will eventually collect. Prepare journal entries to record the transactions
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