Splish Brothers Company had the following select transactions Apr 2020 July 1 2020 Dec 31,...
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Splish Brothers Company had the following select transactions Apr 2020 July 1 2020 Dec 31, 2020 Apr 1. 2021 Apr. 1 2021 Accepted Goodwin Company's 12-month 10% note in settlement of a $26.400 account receivable. Loaned $28.400 cash to Thomas Slocembe on a 9-month ax note Accrued interest on all notes receivable Received principal plus interest on the Goodwin note. Thomas Siocombe dishonored its note: Splish Brothers expects it will eventually collect Prepare joumal entries to record the transactions Splish Brothers 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 Date Account Titles and Explanation Debit Credo 41/20 7/1/20 V 12/31/20V (To record interst on Goodwin Co note.) 11/21 V To record interest on Slocombe note) 11/21
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