Acc557 Financial Accounting: E9-12 Singletary Company had the following select transactions

Acc557 Financial Accounting
E9-12

Singletary Company had the following select transactions.
2008
Apr. 1 Accepted Wilson Company's 1-year, 12% note in settlement of a 20,000 account receivable.
1-Jul Loaned 25,000 cash to Richard Dent on a 9-month, 10% note.
Dec. 31 Accrued interest on all notes receivable.
Apr. 1 Received principal plus interest on the Wilson note.
Apr. 1 Richard Dent dishonored its note; Singletary expects it will eventually collect.

Instructions
Prepare journal entries to record the transactions. Singletary prepares adjusting entries once a year on December 31. (For multiple debit/credit entries, list amounts from largest to smallest eg 10, 5, 3, 2.)
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