Mathematics, 14.11.2020 03:40 kat9940
Skysong Company had the following select transactions. Apr. 1, 2022 Accepted Goodwin Company’s 12-month, 7% note in settlement of a $30,000 account receivable. July 1, 2022 Loaned $18,000 cash to Thomas Slocombe on a 9-month, 11% 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; Skysong expects it will eventually collect.
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Skysong Company had the following select transactions. Apr. 1, 2022 Accepted Goodwin Company’s 12-mo...
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